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13 October 2024 | 10 replies
Can this challenged or negotiated in some way?
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14 October 2024 | 2 replies
(whatever it is you use).Some people borrow against their personal residence with a HELOCK for this needed cash, but I've seen those go bad in several instances, and the results were not very pleasant for the borrower.In many instances working a second job can allow you to set aside cash, or you might inherit it, or find a cash filled partner.But the bottom line is, initially your success is measured by how much cash you have to invest.And be careful of Hyperbole.Good Luck!
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2 October 2024 | 5 replies
I tried to look at their short-term overlay map but can't get access.
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12 October 2024 | 2 replies
How did you find this deal and how did you negotiate it?
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2 October 2024 | 3 replies
I'm looking for a sincere mentor to can help me and guide me to avoid all the avoidable mistakes I might go through.
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13 October 2024 | 14 replies
I would like to know, if you have good success with Property Management teams in Huntsville market as my property in in C area(35810) and like to get a very good team who can find good tenants and handle the property well.Also, if you had general contractors who you had success with as well, as I am looking to do new flooring to this home.
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2 October 2024 | 4 replies
I’ve reached out to Zillow and some third-party listing services, and they informed me that updates must be made through the MLS.My question is: can I ask my realtor to update the property photos on the MLS, or is this something I can do myself?
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13 October 2024 | 3 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 October 2024 | 4 replies
I've had some luck with direct mail in the past so I can understand the basic idea of this.
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13 October 2024 | 1 reply
We have aprospectuve Tennant who's employer will be covering their rent for their 12 month contract.Anyone dealt with this before?