Jim McMillen
50% rule
16 October 2018 | 78 replies
It was never intended to be a perfect/accurate calculation.Keep in mind that the rule is based on owning many units over a long period of time and as such, you may have 42% costs on one door, 58% on another, but over the average and long haul, they average close to 50%, not exactly.I would also point out that in areas where property taxes are higher (like TX), some or all of that cost is offset by other items such as lower costs on other items, better rent per cost of door, etc.
Andy M.
Any active UTAH BPers?
1 November 2011 | 18 replies
Wouldn't mind connecting with any or all of you locally.
Kevin Cardinale
Progress report and issues
17 October 2011 | 7 replies
While, I don't fully understand all of the transactions about the properties in the country records, I am pulling them up.Sorry, lot of questions, tackle any one of them or all of them please. :)
David Beard
Private Lending for Buy & Hold
10 November 2011 | 31 replies
Do you make any other hard/soft assurances for getting some or all of their funds back to them early?
Elio Mariani
Holding property in LLC/Corp
25 November 2011 | 27 replies
(b) Notwithstanding subdivision (a), a manager of a limited liability company may agree to be obligated personally for any or all of the debts, obligations, and liabilities of the limited liability company as follows: (1) If the agreement to be so liable is set forth in the articles of organization or in a written operating agreement that specifically references this subdivision
George P.
no-closing cost refinancing
24 February 2021 | 4 replies
The way I understand it right now, is that I could receive a lender credit of 2% that would cover a portion of, or all of my $4,000 worth of refinance closing costs on property A.
Serge S.
Help evaluate this deal on 32 units PLEASE
6 February 2012 | 11 replies
Planning to do some or all of it yourself?
Johnson H.
Buy & Hold Exit Strategy
15 May 2012 | 15 replies
I truly believe that going all in or all out is not the best choice and I try to practice what I preach.
Nick J.
BiggerPockets is Back Online after 36 Hours . . .
7 February 2012 | 37 replies
It is horrible what we went through, but I really do hope that our members see the real value of this place and take up any or all of the 6 items I suggested above.Jeff Sielicky - I was very close to spending many thousands of dollars on one of those data recovery places . . .
Samantha Lanphere
Appraisal Woes
10 February 2012 | 1 reply
If you are owner financing some or all of the property then the structure and valuation is different than a traditional sale.Also you won't be able to control all the sales in the neighborhood or what they go for.It is not like you own a subdivision and all the houses you built in it.4.You can do 4 but you waste time.Interest rates can rise and values can fall and you get a worse evaluation then you have now.5.