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11 March 2020 | 3 replies
Can you pitch a target market as a standard of practice?
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9 March 2020 | 3 replies
Here is a 3-2 that I did a practice analysis on to see.
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9 March 2020 | 7 replies
I’ve been analyzing and practicing how to figure things out.
9 March 2020 | 4 replies
I relocated to Houston Texas and paid cash for my home.
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10 March 2020 | 12 replies
Hopefully completely relocated to wherever I invest!
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9 March 2020 | 7 replies
Is it best practice to always invest in all real estate properties under an LLC?
9 March 2020 | 1 reply
Or is common practice to make an offer then find a buyer?
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12 March 2020 | 30 replies
I've seen this relaxed to 2.5X depending on location and the price of your unit. if rent is 4k a month then 2.5% is 10k a month gross that gives them 6k a month before tax to live on.. if rent is 700 a month I think it needs to go the other way 4X that gives them 2100 a month to live on as opposed to 3X were they are living on maybe 1k a month that's a pretty precarious situation for many one flat tire and rent gets missed :) I am not saying you are wrong in the intent to make sure there is enough living money, but in practice I have found that my cheaper units (class C) have the tenants paying a higher percentage of their income to rent and they simply live on not much money.My B class properties can get tenants easily at 3X the monthly rent (start at ~$2.5K (3 BR) and go up to ~$4K (3 BR)).
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23 March 2020 | 14 replies
I think you could take practically any industry and play out a scenario in which this will have a major effect on that industry and it's employees.
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9 March 2020 | 0 replies
I feel they are over reaching and out of step with modern STR practices.