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17 December 2024 | 86 replies
This would increase my chances of being approved for a FHA loan.
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19 December 2024 | 10 replies
I typically look at Zillow, centimeter and BP to get a full understanding of what rents are in the area to get the best estimate of what a property would rent for.
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18 December 2024 | 12 replies
I know, nitpicky, but if you have a chance. might as well make it perfect :-)Be patient, if your area is a popular one, you will definitely fill up and stay full.
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17 December 2024 | 1 reply
Good afternoon,I am seeking help obtaining market data to calculate the cost of living and estimate rental expenses in the US.
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25 December 2024 | 28 replies
There's a very good chance she will willingly move.
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22 December 2024 | 8 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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21 December 2024 | 14 replies
If you have a gas insert there is also less chance to start a fire then leaving it to them not to use a wood fireplace.
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19 December 2024 | 14 replies
It’s a local community bank locator that might have a better chance with setting up bank account for Series LLC.https://www.icba.org/bank-loca...
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22 December 2024 | 8 replies
You may find a deal for yourself to own but I'm not sure how many you'll have a chance to wholesale.
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16 December 2024 | 9 replies
But if there is a chance that the previous person could have done something and it just became dislodged and blocked it, no.