All Forum Posts by: Tyler S.

How much do residential property managers usually charge and what all services do they usually offer

If I bought a rental property using hard money and the monthly rent was at a break even cash flow meaning if all the money from my monthly rent went towards loan payment, taxes and insurance, and then repairs/maintenance. If there was no more money to put in my pockets would it be considered taxable income?

Thank you will I appreciate your help a lot!

Also do you think I should get comps from the mls before I go through with my deal? Ive already got zillow and county assessed. And also would the mls comps be enough by themselves to determine value?

Will I don't undetstand the part about not negotiating. I have to make an offer on the property to get it under contract right? And how do I tell whether I should use 10% or 20% as my wholesale fee.

So do you think it would be better to take a class on appraisal or to get my RE license to access mls.

What would be the benefit of pulling comps on zillow vs the MLS. Also I just pulled comps from the county assessor and zillow and averaged them out and came up with an arv of $80000. So would I be ok with pulling comps from these sources?

Also I'm not trying to make ten thousand on this deal I am just leaving me room for negotiating

The comps on other properties were in the low 80000 dollars. And if I cant go by the county assessment then are they not doing their job correctly as far as determining value for tax purposes? And if I cant use the county assessor then where else do I pull comps and how do I determine the arv

I'm assigning my contract. The county assessed value is 80,000 dollars. It's a 3 bed 2 bath. It is currently being rented for 700 dollars/month. The tenant has been there for 15 months and doesn't plan to leave. There are no repairs except paint on outside. The tenant has kept it very clean and in good shape. I'm putting it under contract for 44,000 dollars. So i will try to sell at 54,000 ( probably will negotiate ).