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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 | 6 replies
Aside from the obvious dangers, I’m seeking best practices and how experienced investors in this area handle hurricane damage?
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14 October 2024 | 7 replies
If you are Sally, this is useful to you.
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2 October 2024 | 12 replies
Of course it quickly snowballed so the result so far is a comprehensive, detailed model that captures quite a wide gamut of financial variables.
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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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14 October 2024 | 2 replies
Quote from @Peaches Jones: You've asked this same question in multiple places.
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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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14 October 2024 | 4 replies
Hello BiggerPockets,After reading numerous books from the BiggerPockets library and spending more time on Loopnet than I would like to admit, it is time for me to put some of this knowledge into action.
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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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13 October 2024 | 8 replies
Now I’m wondering, is this allowed?