Hey everyone, I'm starting to analyze houses on the market and I'm curious if the 1% rule applies to the purchase price or if we should throw add the estimated cost of repairs? I'm seeing some homes where rents, say ...
My son bought a house in September 2022, lived in it, and then was deployed in March 2023. He will be returning soon but will be PCS to another state in the summer.
Questions:
He has been renting the house while h...
I've been doing my research and have learned that even after buying a foreclosure at auction some state laws give the original homeowner the "right of redemption" to claim their house back if they come up with the fun...
As I understand the 70% rule, an example would be: If I buy a house for $60,000 cash and spend $10,000 in repairs, holding costs, closing etc., then it needs to sell for at least $100,000 to follow the 70% rule.
Howe...
Hello BP community, I live in MA, and I am purchasing a second property in a same condominium. The one that I currently own is rented out, and I'm looking to rent out the second condo when it is bought. However, I g...
Hi BP Community!I've been reading tons of posts and listening to the BP podcast and thinking a lot about my goals and plan for investing in Real Estate. My general thoughts so far are to get started with rehabbing but...
Greetings to the big pocket community.I am a US citizen with 800 credit score, 3 rental properties that are generating income. They were cash purchases, free and clear. However, rents are my only income in the United...
Hello Everyone I’m selling a home in NJ and inspector found (I knew it). Small fuse box and buyer wants it to be replaced with circuit breaker panel. Almost 70 years old home. Am I required to replace the fuse box or ...
Greetings to all investors! Anyone has succeeded getting 1% rental rates on arv? I'm starting out in NYC metro, NJ area and was wondering if it is even feasable or just wistful thinking. I understand 1% rule applies t...
I am looking for a 4 plex in SLC. I will owner-occupy with my wife. I have a VA loan ready to go, I just need a deal. I know the 2% rule applies to rents. The nicer units that are currently available on the MLS on t...