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5 February 2025 | 6 replies
I am currently working in consulting so would be unable to provide full-time work, but I would be available for part-time work.
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22 February 2025 | 30 replies
I am currently near the Nashville area and it has been great!
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10 February 2025 | 12 replies
I'm currently in the crawl phase for those of you familiar with the Crawl, Walk, Run approach so I'm looking for the best information and path to get started on this journey.
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2 February 2025 | 7 replies
For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides
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10 February 2025 | 16 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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14 February 2025 | 5 replies
My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy?
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5 February 2025 | 0 replies
I'm wondering if you can help advise on this situation.My mother currently resides in a property located in Los Angeles County.
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10 February 2025 | 12 replies
Focus and consistency are going to be your best friends.Also, I wouldn't tackle buy-and-holds right now unless you currently have a high cash flow revenue stream in place.
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28 February 2025 | 14 replies
We are currently investing in Memphis, TN and Detroit, MI and have had great success.
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3 February 2025 | 2 replies
I've been currently looking around the Lakewood Ranch area, if anyone has any experience investing nearby.Thank you!