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27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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16 February 2025 | 7 replies
Im having a hard time finding a way to purchase a home in the area even close to the 1% rule!
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11 February 2025 | 183 replies
Would I be able to rent out both my main house and ADU and not be subject to the owner occupancy rule?
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21 February 2025 | 15 replies
As far as investing in the short term I feel investing close to home (50 mile radius) is the best option because you have a superior advantage by knowing your market.
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12 February 2025 | 17 replies
Even from contractors on a project you can get quotes that vary by 50% or more.
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28 January 2025 | 7 replies
Quote from @Red Smith: Sheriff Sales are conducted by counties, so each county will have its own individual rule set for how the auction is conducted.
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20 February 2025 | 15 replies
They have a lot of experience, over 50 years of it, lol, so I would say they’re a proven choice for turning retirement funds into real estate investments.Simply mention you’re a BiggerPockets member, and they’ll provide a tailored experience.
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17 January 2025 | 11 replies
But having those rules on paper was like carrying a big stick—great to wield when needed but mostly a deterrent.
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19 February 2025 | 27 replies
We charge $50 per pet per month rent.
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4 February 2025 | 10 replies
Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).