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Bought my first home for $88k, 8 years ago. Moved into a bigger home just last October but still own my first home with $74k left. I rented out my first home in October for $1000/month on a 1 year lease. Payments on t...
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when you guys determine arv
you multiply the expected sales price by.7
Then subtract repair costs.
But, do you also subtract all the quiet costs?
I am looking at a house that's ARV is 225k needs about 20k, asking pr...
I'm currently researching areas that would work for SFH rentals.
One thing I've been doing is looking up deals online (mostly REO/fixer uppers) and then making fake Craigslist ads advertising the property to see what...
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I recently had an investment opportunity come across my desk but I know nothing of the area. What steps do you take to figure out if the area is worth investing in? I would appreciate the input guys.
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If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...
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I have read that when you make an offer to a seller it should be between 40% and 60% of the ARV
As a general rule, what percentage will an investor pay of the ARV? 70%? More? Less?
Let's say there is a house with...
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how do you estimate the realistic value of a property after repairs will be performed? or even just the value of a property (that doesn't need repairs) ?
do you have to pay money for some kind of appraisal service or...
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How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property I purchased a MHP at an incredible deal, way under FMV d...
Hello.I have rental property in Houston, TX and have an issue with my tenant. Tenant did not pay rent on 1st of the month (she always paid 1-2 days in advance). She does not reply to messages and her phone is off. I w...
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Hey ya’ll. My wife and I currently live in a duplex, with another one behind us on the same lot (4 units in total). We are currently paying $550/month in rent, and were considering house hacking with the idea of buyin...