![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1046237/small_1694722945-avatar-anands10.jpg?twic=v1/output=image&v=2)
18 November 2024 | 7 replies
I at one point charged tenants the first $50 of repair costs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/401876/small_1661795990-avatar-stephend12.jpg?twic=v1/output=image&v=2)
2 December 2024 | 1 reply
I'm a licenced Broker and I also handle project management for flippers, contractors, etc.FEMA 50% Rule: ALL of the homes that exist in a Flood Zone have a 50% limit on work that can be done to repair them without bringing them into compliance with current flood standards.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2983325/small_1716739103-avatar-marcs233.jpg?twic=v1/output=image&v=2)
29 November 2024 | 7 replies
The last thing you want is a brand that will take 2 weeks to get repaired if needed.We have Maytag units in our lake house and they have been rock steady for 7 years.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/9011/small_1621348727-avatar-jgonzalez.jpg?twic=v1/output=image&v=2)
19 November 2024 | 2 replies
A cost segregation study was performed on this auto repair shop in Nevada with a depreciable cost basis of $1,250,000.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3080427/small_1721443074-avatar-isadoren.jpg?twic=v1/output=image&v=2)
28 November 2024 | 4 replies
The property is a duplex with an ARV (after repair value) of $700,000, making it a strong deal.However, I want to ensure I’m not overlooking any potential red flags.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2983325/small_1716739103-avatar-marcs233.jpg?twic=v1/output=image&v=2)
1 December 2024 | 15 replies
You can certainly ask the agent who helped you purchase the property for advice too ;)Since you are using a PM to run things, I don't see any need to meet anyone except your PM and the contractor/handyman you plan on using for repairs/updates.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3103176/small_1724098518-avatar-matthewg747.jpg?twic=v1/output=image&v=2)
2 December 2024 | 14 replies
Tenant screening often seems to get overlooked because landlords know the income is automatic, but the problem becomes the repairs and maintenance.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/276489/small_1694941880-avatar-lisaf2.jpg?twic=v1/output=image&v=2)
10 December 2024 | 104 replies
First thing I noticed was the 4 testimonials online in videos never tell you what the deal was, Not how much offered, not how much repair, not what ARV, just a bunch of scripted, formatted empty gratitude.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1494345/small_1695082228-avatar-joelr98.jpg?twic=v1/output=image&v=2)
6 December 2024 | 12 replies
I did a lot of repairs myself but also hired a few skilled contractors for things like electrical work and plumbing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2914539/small_1725514763-avatar-thomasl473.jpg?twic=v1/output=image&v=2)
26 November 2024 | 5 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.