I understand the tried and true 50% rule (or guideline) for rentals but that is based on apartments, i.e. multifamily dwellings.
What's the rule for single family houses?
I would assume it would be lower as expenses...
I've offered on a duplex (Class B) that is 100% occupied. After entering the due-diligence period, I found out that one of the tenants is 2 months behind on her rent. My plan is to increase rent by $125 ($625 to $750)...
I own a rental Property across the street from a triplex, the triplex had a fire in one of the units and is now vacant. repairs were going on for awhile but suddenly stopped a couple of months ago. Seeing how the unit...
Any input is welcome! Thanks ahead of time BP community!!The background of the situation is that I am finally out of attorney review after a grouling back and forth of the seller trying to aleviate any options for me...
Investment Info:
Single-family residence buy & hold investment in Summerville.
Purchase price: $144,000
Cash invested: $14,400
Cash Flowing town home in Summerville, SC.
What made you intere...
So I've never purchased a rental, and never really planned on it, but I found a home for 500 dollars. Zillow says its worth 80K, and rentslicer says it will rent for $750/mon. Its 1700 sq. ft., and I have a call in fo...
Hi All, We recently purchased a duplex we're planning on house hacking-- we're going to live in one unit and rent out the other. As we begin the process of looking for a tenant to rent the other unit, we're wondering ...
Hey everybody! I'm new to BP and wanted your input on a property. Built in 1904Triplex with two 3BD /1BA units and one 3BD /1.5BACurrently leasing at $600, $700 & $800 mo with long term tenantsLandlord pays trash/...
I have been looking in the Ft Worth area for quite a while and I have about 5 houses that are available for purchase. Some on and off the market. They are all 75% or better. The sell prices are between $60K - $150K. R...
Hi there. I'm in the process of rehabbing a couple houses to then refinance and rent out. I want to get a good appraisal value , but the current ac and furnace older, but working wonderfully.I was wondering if it's wo...