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...
Curtis Chism
Using IRA First Time Home Purchase Withdrawal for Remodel Work
I have an opportunity to purchase a house that just needs some flooring, paint, and appliances to finish it up. It’s been more than 2 years since I owned a home. I may pull some money from IRA using the first time hom...
Kyle Scholnick
Pay Yourself Rent? The Battle of Schedule C vs E
Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
Tony C.
Unable to refi condo unit b/c of sponsor rules. Workaround?
Hi BP,There's this condo unit in Manhattan, NYC that's having difficulty in a cash out refinance. Chase bank has denied the refi request due to the following reason (probably due to some Fannie rule):"As I had communi...
Heather Bergman
Brandon Turner's Webinar Worksheet
Hello, all,
Regarding the spreadsheet that Brandon used on the webinar, where is the 50% rule applied? It seems like the "Net Operating Income ($ left to pay mortgage)" cell is using 100% of the gross rent. I...
Manos Alimpertis
Adding a detached ADU to a duplex in SLC
Hello there community, in the recent days I have been teasing the idea of house hacking if I decide to move in the future in SLC ( love skiing and the nature). I have read the city’s guide https://www.slcdocs.com/Pl...
Amber Layman
Cost segregation study for short term rental
How much is reasonable to pay for a cost segregation study? I have one, 6 bedroom short term rental, that was established in 2021, in South Bend Indiana. I’m also working on a 4 bedroom that should be up and running i...
John Warren
Practice Multi Family Analysis 1
Hi BP community!I am getting ready to, hopefully), buy my first commercial sized apartment building this year. In preparation, I will be practicing my underwriting skills on a closed multi deal in my target area every...
Amanda T.
New to real estate investing! Start with condo?
Hi all! I'm Amanda. I just learned about this site and I'm excited to explore and learn more from people already involved in this business. I've been reading many books including the guide on this site.
I ...
Gregory B.
Landlords will pay tenants to leave
After reading through these forums I've realized that the difference between how people approach real estate is Day and night. I'm in NY, more specifically NYC, and see advice given that is down right shocking on how ...