I've spent the last couple hours looking through old threads and it seems like this is a heavily debated topic that I wasn't able to determine an answer to. I live in the midwest suburbs near Kansas City where prices ...
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I was just curious, what is the algorithm for the Bigger Pockets Average Post Score? I want to raise my score so I can be on the top 5 leader board.
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Can someone give me a way to roughly estimate the monthly expenses of a Single family home, with tenants paying the utilities, and not having a property manager (for the moment).
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Hello all and thank you in advance for any help and info you might offer. My wife and I are new overnight vacation rental owners of a cabin in Gatlinburg, TN. We just closed out our first month of rental (June) and ...
I thought I would share this experience as an example of how investment expectations can differ drastically from reality. Luckily the amounts involved here were relatively small, and it was more of an annoyance than a...
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Hi all, My name is James and located in New York City. I am currently in the process of getting my realtor license. I am looking to connect with more experienced realtors to figure out what I should expect and what sp...
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What is the formula for percentage rate of ARV. I've heard the standard is 70%. But then I hear that rate may have to be adjusted. And please give example. Thanks
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Currently looking to hire a property management company but want to make sure that I'm not paying too much. I've looked at 2 thusfar with both charging a monthly fee (when there are tenants) but they also charge a "l...
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I have a lady who needs to sell her house.
ARV: $540k
Loan Amt: $591k
Mort Payment: $2400
Obviously, she is upside down. I was thinking she is going to need a short sale.
I would offer to buy around $327K (cash).
...
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Please tell me if I'm forgetting something. Do I need to subtract closing costs from my max offer?
FMR (fair market rent) $1000-$1200 (I will use 1k)
50% rent- $500
Subtract 100$ for monthly cash flow = $400 max ...