When filling out a personal income statement, it asks for "net rental income"; should I just use the 50% rule and figure half the gross rent-PITI? What will give the most accurate financial picture?

I'm planning to purchase a 3BR/1Bath SFR estimated appraisal value $275K. Plan to purchase for $265K. I pulled comps for 3BR /2Bath in same area and recently sold showed comps from $320K-360K. If I add a full bathroom...

Two days ago, the condo next to me caught fire in the middle of the night. The owners weren't home, but we were lucky enough to catch it before it went from a smolder to a flame. The majority of the damage is smoke wi...

For those of you investing in Garden City, MI. I really like the area and was thinking that this is where I would buy my first deal. However, after doing the numbers it seems to me that taxes are ridiculously expensiv...

If I am duing my due dillgince on a property . Wha numbers exactly am I looking at? Is their a funnel I can apply when it comes to " Knowing my Numbers " ?

I have been contemplating whether or not to claim all my expenses. If I claim, for example, $3,600 in expenses, I might pay around 6-800 less in taxes. However, come time to apply for a new loan, I will show $300/mont...

I have a 3/2.5 bi-level rental that I was quoted: $2,000 to install 600 sq ft of laminate flooring as well as fix all the little nail holes and cracks in walls and paint entire house. Is this a good deal?

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I'm looking to get to my first couple of sales and I heard here is the best place to look for advice. I'm in the Providence RI area, I've been using deal machine to virtually d4d, I am trying to find the most efficien...

Hi all,

I just jumped into the world of Real Estate investing, and closed on my first home just over a week ago. I found a great house with recent renovations and a long term section 8 tenant paying good ren...

I'm purchasing a property with an existing tenant who has expressed a desire to stay. I'm very new to this; how does this work?- Do they sign a new lease with me or does their existing one transfer? If the existing on...