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MikeOH and some others talk about this 50% rule. I just bought my first rental property for 22,000. When I add up all of my expenses (tax, insurance, mortgage payment), I come up with 78% expenses compared to gross ...
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Hey all, I'm just curious if any of you do property management on the side, or as a piece of your business? I'm just wondering because I'm thinking of adding a side business doing exactly that. I just typically h...
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Hi all,
So I'm closing on my first multifamily in a month. It's a big divided Victorian house in a lovely residential neighborhood in Massachusetts. There are six units with tenants all in place either on lease or ...
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Hello all,
I am working on a 30 unit multi family property in SLC, UT. Each unit is 900 sq ft, 2 bed 1 bath. Units are updated and about 40 years old. Vacancy has been almost 0 in the last 10 years. The ...
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Last year I purchased a 3 family building my first multifamily , 2 2b/r units and 1 1b/r I rented the 2 2 b/r units no problem [after I Rehabbed all three. I had 2 great tenants, for some reason I was unable to rent t...
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First post...just learning the game. Please spell out acronyms!! THANKS!!I've purchased two four plexes in the last 9 months, the first was an FHA loan that I put 3.5% down, the second was a short sale that required a...
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Hi everybody! I'm brand new to real estate (and Bigger Pockets) but I'd like to share something I've learned from my experience as a renter. I rented an apartment for six years (I know, I know, huge waste of money... ...
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I've been working on a wholesale deal for the past month that's become a real frustration and I'm about ready to throw in the towel on it and follow up later but I thought I should ask for new insight first. I loca...
Howdy -
I have a couple questions, and I've included a post that seems valuable.
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