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1 October 2024 | 9 replies
Greetings,I am a 22-year-old college graduate with $110,000 saved up, no debt, a good credit score, and have been working full-time since July this year.
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15 October 2024 | 1 reply
Areas like Windermere and Lake Nona are seeing rapid growth in exclusive developments, offering luxury residences that combine nature and modernity.Palm Beach: This area is an icon of classic luxury.
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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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30 September 2024 | 5 replies
congrats @Chris KaylaSomething I would recommend for you is this website. https://www.areavibes.com/I use this for all of my out of state and in state investors.
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7 October 2024 | 35 replies
What does this look like?
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2 October 2024 | 3 replies
Any tips or advice would be really appreciated!
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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 | 1 reply
We have aprospectuve Tennant who's employer will be covering their rent for their 12 month contract.Anyone dealt with this before?
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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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13 October 2024 | 0 replies
What made you interested in investing in this type of deal?