For a newbie what would be the best to have? LLC or sole proprietorship? What would be more attractive to sellers and buyers?
I'm in the process of buying my first home/house hacking and doing my first deal analysis. I've used the tool and the 2% rule. Would appreciate some help.I will have to occupy 1 unit within the Duplex, however, I pla...
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I'm in hiring and training my first assistant. The young lady will be part-time and I will allow her to do some work at the office and some from home. The basic duties include data entry, filing, answering calls,...
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Forgive me for asking questions that may have already been asked.
I would like to know the best worksheet to use to evaluate a property. I tried the one that is on this site. It looks comprehensive but I don't eve...
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Lets say the mortgage on my property is $800. Expenses = 50%, to be on the safe side. So, would $1,200 be a reasonable rent rate for this property?
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Hello BP,
I'm new to investing and know that typically one would use the 70% rule to analyze a property . I trying to get a better understanding on why not using this format would mess up a deal. If a property is li...
I have multi unit properties and have recently aquired a single family for the first time. It is now ready for rent. My question is how different is the lease for a single family home compared to a multi unit apartmen...
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Ive been crunching numbers like crazy on a new construction 3/3 duplex with premium upgrades. The current market for a unit like this is 1500/month but the seller is leasing them at 1125/unit. Going back and forth abo...
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I am trying to obtain a $100k HELOC on a $200k out-of-state investment property that I own free and clear to use as a down payment for a new home that I will live in. WF recently rejected my application. Some of th...
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Hoping for some advice. I’m looking at purchasing an old single family house on a 25x100 property with 25’ of frontage on Summit Ave. in Jersey City’s Heights neighborhood. It’s in an area that was recently rezoned fo...