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Updated over 12 years ago on . Most recent reply

Slavik Lund's profile image
Slavik Lund's profile image
Slavik Lund
  • Lender
  • from Anchorage, AK
  • Member since Jan 8, 2013
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User Stats

20
Posts
5
Votes
Slavik Lund's profile image
Slavik Lund's profile image
Slavik Lund
  • Lender
  • from Anchorage, AK
  • Member since Jan 8, 2013
Connect
Slavik Lund
  • Lender
  • Anchorage, AK
5
Votes |
20
Posts
General Landlording & Rental Properties

50% rule / rent opinion inquiry

Slavik Lund
  • Lender
  • Anchorage, AK
Posted

I don't understand the 50% rule just yet. So here is a question to see if I am handling this correctly.

I bought a 4-plex in November and inherited a lease... So unfortunately, I am stuck with this issue for now.

Building was 390k.

Apartment 2 = me
Apartment 1 = 1125
Apartment 3 = 1100
Apartment 4 = 1100

Total income = 3325
Mortgage =-2100

Leaves me with 1225.00 for utilities and expenses.

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