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5 February 2025 | 21 replies
This may result in late fees and eventual eviction if not cured within the legally provided time.
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2 February 2025 | 6 replies
Hello,I am a real estate investor located to Southeast MA, I own and manage a small portfolio of 23 units and am looking to expand and scale out of state as the returns and market have been quite difficult in my area: due to CAP Rates, specific building class I am looking to invest in, and rising interest rates/minimal inventory, as well as it would be nicer to be diversified and in a more landlord friendly state.
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8 February 2025 | 4 replies
When it's sold it will be taxed as capital gains tax and may also have some unrecaptured depreciation which is capped at 25% and recaptured depreciation as well which can be up to your ordinary income tax rate.
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8 February 2025 | 13 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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15 February 2025 | 7 replies
Are there any ways to use the equity that don't have brutal rates?
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15 February 2025 | 5 replies
If so- what would you rate your work effort (not afraid of work), and the time to close a first deal?
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11 February 2025 | 6 replies
How do you go about determining market rate?
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4 February 2025 | 3 replies
We have many efficincies under management with a ~10% vacancy rate with prices ranging from 485-625 depending on location property quality and amenities.
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25 January 2025 | 25 replies
It's the boring places that probably won't appreciate above the rate of inflation that will provide real month to month income.
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27 January 2025 | 6 replies
You'll want to look at their reviews, how they safeguard your funds, understand what their fees are, and how responsive they will be to your questions (do they work 9-5 only).