21 January 2008 | 4 replies
Citigroup's fourth-quarter profit will be reduced by as much as $7 billion because of losses from subprime mortgages, which led to the departure of CEO Charles O.
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24 January 2008 | 13 replies
That's going to make your expenses more like 65-70% of rent, if you just increment the 50% rule up by the "extra" taxes.Jon
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13 February 2008 | 14 replies
Not sure how you're getting those lower numbers.With rent of $3000, the 50% rule would give you NOI of $1500.
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20 March 2008 | 3 replies
I know there is a lot of paperwork and many rules and regulations to deal with.
10 February 2008 | 14 replies
There's a general rule that you become the average of the 5 people you hang out with.
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23 January 2008 | 3 replies
Rents are 725 a side.This does not conform to the 2% rule, but we are in a great neighborhood which in the long term I will see nice appreciation and this area has the best schools in town, so easy to rent.Gentlemen owned 5 of them and has been foreclosed on.
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23 January 2008 | 0 replies
[NOTE FROM ADMIN - ADVERTISEMENT POST REMOVED - PLEASE READ THE FORUM RULES BEFORE POSTING ON SITE]
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7 February 2008 | 11 replies
But the 2% rule shows $2100$815 (Mortgage Pymnt of $630 (ish) 6%, Taxes of $105, Insurance $80 ish)$815 + $837.50 (50% of rent)= $1652.50$1675 rents-$1652 = $22.50 If you keep maintenance costs down to $837.50 per month you have a cash flow of around $22.50 = $5.62 per unit?
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16 October 2018 | 78 replies
noob here.....Can someone explain the 50% rule, 2.5% rule.....I can't seem to find a definition for it.Thanks.Jim
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1 April 2008 | 8 replies
In many locations now, its common to also pay some of the buyers's closing costs.The rule of thumb is that if your purchase plus closing costs are under 70% of the ARV (what you can quickly sell for after fixup, which may be less than comps), you will make 10-15% of the ARV as profit.Jon