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14 October 2024 | 7 replies
If you are Sally, this is useful to you.
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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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12 October 2024 | 2 replies
How did you find this deal and how did you negotiate it?
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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
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 | 8 replies
Now I’m wondering, is this allowed?
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14 October 2024 | 0 replies
This trend of rising rents is expected to continue for the foreseeable future.
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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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3 October 2024 | 1 reply
This is the simple playbook that tons of Americans have used to build wealth over the last 2 decades:1.
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3 October 2024 | 14 replies
You can literally find answers to all of your questions within the confines of this site.