If I was looking at it to build a spec house  70k all in is about right for a 350k exit  120 way too high.100k if your very efficient builder.. or a owner / builder and gets great pricing.. 4X is kind of a rule those price points.were it flip flops is the   2 million dollar lot and the 8k build and sell for 4 million like I am sure there is stuff in seattle like that and bay area and other high priced areas.but at the 350 exit I like the 1/4 or less for lot price to make a 15% gross profit margin after all costs.

Hey everyone. I have a question/situation that I'm hoping I can get some guidance with. I bought my house in 2015, with the intent of one day turning it into an income property. I put 20% down to avoid PMI, with the h...

My accountant has saved me hundreds of thousands of dollars over the past 25 years and has been able to keep me out of any audits and grief that the IRS can give you unless you keep your records tight  and follow the rules.

There are regularly proposals almost non-stop to impose new STR rules. 

I’ve been looking for investment property in my state of Oregon, and have come a crossed a couple where the numbers were about right.Then I would see the 50% rule and it says I would be losing money.

I think its a good deal and the house is in a good shapeMeets the (pro forma) "2% Rule", but, sold comps research is a must. eg.

If you don't have anything in writing, how will you prove the tenant violated the rules?

While it didn’t meet the 1% rule then (of which I wasn’t familiar with at the time anyway!)

Which goes to rule # 3# 3 REVERT TO RULE # 1FIND A REAL ESTATE ATTORNEY (x3)Find 3 different real estate attorney’s and try them out with your upcoming closings.

Live with his rules or pass.