If you apply that 50% thingy "rule" it doesn't look so hot...

Hello all, I own a 4plex in Louisiana and I know it has 4 vents on the roof, but the vents don't have a protected cover going from the upstairs bathroom out of the roof.So I think the vents just suck up the hot air and it seeps out at any one of the combined 4 vents.Question: Is this normal in a 4plex or should there be a tube the air goes up?

I find it all so incredibly interesting to learn about and want to start applying the tools I have and put them into action.Although I am eager to get going as soon as possible, I do have a few limitations and have had some set backs when it comes to income available as well as credit history for loan/mortgage approval.I have been doing a lot of reading about lease options, lease purchases, notes, partnering with an investor, purchasing without a bank loan...I am wondering if there is anyone who can help with some insight who may have gone this route or found themselves in a similar situation as me who could offer some advice on the best way for me to get started.Thanks so much!

Many are predicting incredible growth for next year.

The house does need a new hot water heater, outdoor A/C unit, stove, refrigerator, carpet and paint, and some cosmetic upgrades = $3500-4000.

So if you buy in the not-so-hot areas where properties are 'more' affordable, you are likely going to have a higher risk of not-so-hot tenants and then because of the laws they could end up costing you a fortune.Welcome to SoCal.

Tabatha L.Those ratios and indicators - along with others - all provide insight, but you need to understand how they all inter-relate and know that many of them (perhaps all) can give you false security ... especially in isolation.For example, we recently looked at a property whose GRM was just over 6, but the operating expense ratio (operating expenses / gross revenue) was over 70% (the annual heating & hot water bill was ~1/3 of the gross revenue).Cash-on-Cash (CoC) return of 35% is all smiles, but not that common in the real world.

I had an incredible experience with the broker who wrote the loan on my primary residence.

With floods of deposits and few investment options besides loans that yield more than a percentage point or two (coupled with a hot local CRE market in Silicon Valley/South Bay), banks are fighting each other over lower-risk, variable-yield assets..

Im incredibly blown away by your words of wisdom.