Jill Herges
Does the 50% rule work?
I am just wondering if the 50% rule actually works? If I factor in actual expenses and use 10% each for repairs/maintenance, management, vacancy and Cap Ex that gives me 40% of rents right there. No way I can pay ta...
Pete Hornstein
Cap ex, repairs, vacancy and PM
when analyzing deals I am using 10, 5, 10 and 12 percent for repairs, cap ex, property management and vacancy rate respectively. These are conservatively high in my area just so I know we can “hit the mark”.Question:...
Andy Thoman
How to estimate closing costs?
What are all the costs I can expect on having during closing and how can I figure out normal prices or estimate what it might be?I want to figure out a ballpark estimate of closing costs before I analyze properties so...
Ben Kirchner
HELOC repayment on adjustable interest rate?
I'm looking into taking out a HELOC for a future investment. I understand the HELOC fixed rate repayment (just like a mortgage). What I'm not sure I understand is the HELOC repayment process on a variable interest r...
Carissa Meek
Purchasing a foreclosure with HM?
Hi allI am looking at a foreclosure that was listed two days ago. I have two questions that I would appreciate your feedback on...1. They’re asking way too much for the property. How much of a discount could one expec...
Patrick Williams
Looking For Advice On Analyzing Properties
Hi,
I'm currently looking to buy my first house hack and I'm already preapproved. I've spoken with multiple real estate agents. I'm stationed in Great Lakes, IL. I'm curious to know how much people are accounting f...
Victoria S.
Cash flow on rentals
When discussing cash flow/month (not CoC) do you include maintenance repairs and vacancy in the calculation? If so, how much for each?
Dustan Marshall
heloc vs HEL
I am attempting to refinance my investment property. I am looking to pull some equity out at closing to help pay off the rehab work I did on the property that I put on a credit card.
The bank as offered me a...
Naz Hossain
Liquidate damage clauses on GC contract
Hi BP! I am looking to sign a contract with my GC i will be working with for the first time on a BRRRR project. An area the GC and I are having trouble aligning is the liquidate damage clause where a delay in the fini...
Darian Richardson
Is the Safe Withdrawl Rate, the magic number?
Evening Fellow Investors, As I am finishing up @Scott Trench's own Set For Life, I came to a section in the book under "Exploration of Financial Freedom" about The Safe Withdrawal Rate. I thought this section was fas...