Erika Andersen
Advice on working with a home buyer's RE agent using an hourly rate?
23 January 2025 | 8 replies
For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
Kasey Hardt
Development Update- Charlotte's Pedestrian Bridge
18 January 2025 | 1 reply
Led by Atrium Health and Wexford Sciences
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
He will be taking a leave of absence for the year.Given the unforeseen nature of his health condition we would appreciate your assistance and consideration in addressing this situation.
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
21 January 2025 | 4 replies
Registration RequirementsIn Indianapolis, you’ll need to register your rental property with the Marion County Health Department.
Alec Dressler
How to Determine Public Interest in my Future Airbnb
7 January 2025 | 1 reply
Hello Everyone! To give some context before my questions to everyone, here's a little about me and where I'm at in my investment journey. I've been listening to the real estate rookie podcast and others like it for ov...
Jacklyn Robins
Trouble renting units in Cincinnati
21 January 2025 | 27 replies
A few public projects have cleaned this up but the area has never prospered since.
Ricardo Polanco
NYC Short Term Rental legal advise
15 January 2025 | 9 replies
If you are following the rules then everything should be OK.This is no different than a health inspector visiting a restaurant.
Leo Singh
Pre probate leads, Can anyone help?
26 January 2025 | 5 replies
Some say their leads are solid, while others feel they're just scraping public records you could access yourself with some effort.
Keith Mintz
Sober Living Investment
21 January 2025 | 3 replies
As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.