24 May 2018 | 3 replies
A lot of the % rules we discuss on here rarely apply.
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11 June 2018 | 6 replies
@Tammy BentleyIf you’re trying to take a distribution and put it back within 60 days similar to the process with an IRA, the rules are different for a 401(k) plan.
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14 May 2018 | 8 replies
Also, if you do end up going FHA on another multiplex, one thing to keep in mind is the FHA Self Sufficiency Rule.
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10 May 2018 | 7 replies
Others simply don't care, they'll take the offer of a couple months rent and leave.I don't think the new ONtario rules apply here as you're not asking them to leave for personal use, so it's up to you and your tenant to decide what's fair.Your #'s look pretty good, I rarely find a true cap rate around 6% so if that area goes for around that cap rate you're already in good shape.Even if a few of the tenants don't agree to move right away at 5.8% cap your're still in pretty good shape and you can slowly work on it.
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10 May 2018 | 1 reply
My# 1 rule for investing" You can never lose money by taking a profit!"
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13 May 2018 | 20 replies
Conventional you can do as low as 5% down but thats only for 1 unit property 2-4 unit properties will require any where from 15-25% down payment.FHA will allow you to purchase with 3.5% on 1-4 units however FHA has its own hurdles when you get to 3-4 units (these dont apply to 1-2 units) there is a rule called the SS or self sufficiency rule which requires 75% of gross rental income of all units to be > the monthly PITI in order to qualify.
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10 May 2018 | 2 replies
We have an opportunity to buy a nice property in Georgia, but are told it's an "estate sale", with special rules.
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11 May 2018 | 4 replies
I just edited my rules and regulations so that the next tenant lease will include this feature.
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30 May 2018 | 7 replies
It doesn't fit a lot of great rules I've learned recently from religiously listening to the BiggerPockets Podcast.
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9 May 2018 | 2 replies
The agent can:-Lose their access to MLS as this is a violation of the rules-The agent is responsible for all of your real estate activities so when you get sued so do they