Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Michael Swan
Should I Stay or Should I Go Now? If I Stay There Will Be Trouble
Why have you not sold, refinanced, or 1031 exchanged your pricey RE for more cash flow? I did and went from $50,000 cash flow to my current $120,000 cash flow and in 2 months moving to $160,000 cash flow. Would you h...
Michael Ealy
Is "Stupid" Money Chasing Millennials in Your Market?
Have you heard of the expression "stupid money"? It is when a herd of investors or speculators seem to be overpaying for an asset.In my market in Cincinnati and I guess almost everywhere in the country, "stupid money"...
Brittany Witt
What to Bring to Seller Appointment - Wholesale Real Estate
I'm getting prepared to go on my first seller appointment with a motivated seller. I'm curious about what papers I should bring.I found a great thread here about what to bring but I have one question, should I bring t...
Abraham Anderson
$1,300,000 Deal at Age 21 & I'm Retired!
Yesterday (7/31) I closed on a $1.3M, 20 unit apartment deal that's going to net me a passive, positive cashflow of $3,000/month. This is after ALL expenses (PITI, PM fees, repairs, vacancy, capex fund, etc). My perso...
George Yu
I just built a 36 unit apartment complex.
Hey guys my name is George Yu and I love passive real estate. The idea of investing into something and then collecting mailbox money whether you feel like working or not is like having your own golden chicken as long ...
Antonio Bodley
Fastest way to make money immediately
When times are hard and you need money IMMEDIATELY like right at that very moment and you have no where and no one else to turn to get that money, where do you get money to get you out of a bad situation? Wholesali...
Skye Anderson
Is this really the reality of property management?
I recently had my first call to interview a potential property manager for my first long-distance investment property and it left me a bit discouraged to learn of the reality of the costs involved.
3-5 weeks to rent ...
Account Closed
How Investing in the Stock Market Saps Your Wealth
Today, in Sept 2018 the Stock Market is at 28,000. An all time high. The average wage is $26 per hour. It takes 1,077 work hours to “buy the market”. That is, if you buy one share each of the stocks of the Dow, the co...
Sid Franklin
Chicago/Illinois Property Tax Hikes Making Me Jittery About Investing
Chicago is a hot market now but the State, County and City all have significant public employee pension and healthcare debt (that cannot be reduced except maybe in a bankruptcy). Property taxes are already high, but ...