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14 January 2025 | 4 replies
If that's not an option, I would recommend he look into his state and local municipalities' rules on how to handle abandoned vehicles.
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15 January 2025 | 10 replies
So, for a $2,500 rent with a 3x income rule, you’d expect their combined gross income to be $7,500/month.As for utilities being included in the rent, some landlords in NYC do lower the income requirement slightly (e.g., to 2.5x or 2.75x) since tenants won’t have additional out-of-pocket utility costs.
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21 January 2025 | 11 replies
Again, treating folks with housing support funds with the same dignity and respect as everyone else, usually nets quality clients that listen and do their best to follow the rules.
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17 January 2025 | 3 replies
While BiggerPockets has very strict rules about (disguised) advertising in the forums, there's a whole classifieds section for that.Hope this helps!
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13 January 2025 | 5 replies
One golden rule I follow,if it takes a long time to fix/replace when it breaks, don't buy a cheap one.Imagine, this thing breaks in the middle of your peak season and the people who can come out to rebuild are 2 weeks out....It takes at least a day or two to build something like this even if you are super skilled.
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15 January 2025 | 7 replies
@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.
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21 January 2025 | 21 replies
I have found personally some city rules for renting are simple in the suburbs and some people are specifically seeking these areas for one reason or another.
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27 January 2025 | 9 replies
If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.
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12 January 2025 | 1 reply
I’m not sure all of the regulations/rules to this in PA though.
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22 January 2025 | 20 replies
You can find duplexes under $180K in C-class neighborhoods, in decent condition, that meet or exceed the 1% rule