Philip Accardo
How do you pay your rehab contractor?
22 November 2012 | 11 replies
Some of my thoughts on the topic:http://www.biggerpockets.com/renewsblog/2010/04/14/6-rules-for-managing-your-contractors/http://www.biggerpockets.com/renewsblog/2010/04/07/the-paper-trail-every-rehabber-should-follow/http://www.biggerpockets.com/renewsblog/2010/02/17/whats-in-a-contract-contractors-rehabbing-real-estate/http://www.biggerpockets.com/renewsblog/2010/06/09/better-faster-cheaper/http://www.biggerpockets.com/renewsblog/2010/05/26/are-you-sure-your-independent-contractors-really-are/
Tom Dewit
foreign investor looking to invest in SFR in Atlanta, GA or Charlotte, NC
3 April 2016 | 8 replies
No C- or D areas.Considering the rule-of-thumb of subtracting 50% of the gross rent tocover expenses, and considering that I need at least 10% NOI, I am looking for properties with 20% gross rental income.I would buy cash, and see later if i can get the Fanny Mae delayed financing to extract cash back out of the property to be able to buy more properties.Any suggestions?
Danny Day
Mobile home strategy.. Can someone please verify / give opnion
10 October 2012 | 8 replies
I do not know your local rules but even in CA I have a local backhoe guy that can install systems at great prices and the inspectors love him.
Bobby S
Newbie Question on Owner-Occupied Multi-Family (Taxes)
19 December 2018 | 2 replies
Just don't try to deduct mileage to inspect that property ;) -Steven the Tax GuyYour Guide to IRS laws, rules and regulations.
Nick Hines
In desperate need of some unbiased input on multi-unit property
31 May 2012 | 13 replies
If you're familiar with the 2% rule (monthly rent >= 2% of asset value) you'll know that you aren't getting that now.
Thomas M.
Financing large houses, partial rental
19 April 2015 | 7 replies
There's a lot of stringent rules on a guy like me, since I'm a business owner and I have 2 rental properties.It was tough for me to qualify for 420K in 2009.
Adam Washam
Hello everyone-1st post
31 May 2012 | 4 replies
Also, since you are looking to rent use the forum search feature to learn about the 50% rule.
Jonathan Sher
Checking my pulse on this deal
31 May 2012 | 6 replies
You're getting over 2% in rent on purchase price and only putting 15% down... assuming 50% expenses you're still at a 20% CoC return even with a 15 year mortgage... sounds like a great deal by my standards.Taxes are a touch high for the 50% rule at over 10%... you're insurance is crazy high on that cheap of a place (mine are $600 - 800 on $70k purchase price).
Sandy Hammer
2% rule won't work in my market - now what?
11 June 2012 | 35 replies
Lots disagree with the "50% rule".
Thomas Handy
It's June 1, what have you done lately?
5 June 2012 | 37 replies
I am looking to purchase a owner occupied duplex (rent one side), however within the last year I had 3 new mortgages so it was hard finding a lender that would let me use the rental income without the 2 yr wait rule. 5% down 3.75% interest on 30yr fixed mortgage now I'm house shopping and preparing my family for the move.