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14 February 2012 | 5 replies
Assuming you'll be marketing it as a rental property, the 70% rule of thumb doesn't really apply.
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19 February 2012 | 6 replies
Make sure you read the contract either way and know what it says and means so you understand the rules of engagement you are offering.
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18 February 2012 | 8 replies
-Steven the Tax GuyYour guide to IRS laws, rules and regulations.
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18 February 2012 | 13 replies
When I use the 2% rule, I come out with a max price of 800k (500*32*.02).
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18 February 2012 | 6 replies
Some rule it out, others know they want it before ever going inside.Also, while I am pre-qualifying on the phone, if they pass, I suggest they go look at it on their own.
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14 April 2013 | 8 replies
It's pretty straight forward and based on your pictures it looks like you've got an ideal candidate for it.
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19 February 2012 | 27 replies
For quick evaluations, you can use the 50% rule which states that 50% of your gross rent will go towards expenses (operating, capital, and vacany).
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26 February 2012 | 9 replies
-Steven the Tax GuyYour guide to IRS laws, rules and regulations.
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20 February 2012 | 2 replies
If you're paying for a PM, you'll bump right into the 50% rule, which we've discussed in your previous posts.Is there any upside potential here?
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24 February 2012 | 13 replies
If anyone knows of hard-and-fast rules about this I would love to see them.