Bukka Levy
How much should I expect to pay for rental insurance?
I’ve seen others post the expect to pay around $500 for an annual policy. Is $500 a reasonable benchmark or is there a percentage of cost/value that I should be using?I’m about to close on my first out of state rental...
Brian Lacey
Borrowing in a Negative Interest Rate Economy
If the Fed goes to negative interest rates for the overnight borrowing, what does that look like for investors?The Fed for years was at 0-.25% interest, a loan was in the 3-5%.Is the logic conclusion mean if the Fed w...
Abraham Gutierrez Rodriguez
Percentage of ARV
What is your range of percentage of ARV to consider a good acceptable return for your flipped projects? I am aware of the 70% of ARV rule of thumb, but just wanted to get your opinions.
Chris Martin
BIg picture views of NC housing
If it seems to you like prices in NC just keep going up... then you are observant. The Federal Reserve Bank of St. Louis (St Louis FED) maintains vast quantities of economic data, including housing data. The Federal R...
Andy Bondhus
Auto loan interest, is it deductible?
If I'm using the standard mileage rate for 2017, can I also claim my business use percentage for my auto loan interest? My accountant says no, but I've read in books that you can still claim auto loan interest in add...
Nathan Hui
Quadruplex Expense Estimations
BP People,
I am under contract for a quad! It will be my first potential deal. Planning to house hack with FHA, very cliche.
When you calculate expenses for a quad do you set aside higher percentages of rental in...
Account Closed
BRRRR Refinance in higher markets
I have questions about refinance while using the brrrr strategy. Once your getting ready to refinance, what kind of loan would you get? For example let's say I purchase a property for $300k and its value for $450k (th...
Hugh Jameson
buying a florida auction with traditional finance or hard money??
i am looking to purchase property at auction in central florida. i am looking to learn as much as possible about financing in this area. 1. is hard money the only option?2. does traditional financing work if all pre-a...
Bryan N.
Rental rehab costs
When purchasing a property that needs some rehabbing (not a gut job), is there a percentage people use for overages? So, if it needs roof, flooring, paint, etc and contractors total quotes come to $10K for easy math....
James Ritter
Listsource 40% Bad Data?
I just called Listsource to ask about how often they update their data and I was told that for real estate it will not be older than 6 months. That sounded good to me. However, I also asked what percentage should I ex...