Jim Cummings
Is It A Bedroom Or Not
Info from the Texas Association of REALTORSWhat Makes a Room a Bedroom?July 17, 2018 | TAR StaffThere’s no single legal definition for a bedroom in Texas. The International Residential Code (IRC), published by the Int...
Mo Karim
1031 exchange into an existing property, then tear down later to build
Hi BP - Lets say you were able to successfully 1031 into another deal and it's a single family rental in a great neighborhood. The house is ok as a rental for now but the highest and best use is to tear it down and bu...
Sylvia Castellanos
Buying land inside HOAs--advisable or bad idea?
I have been looking at the prices vacant lots sell for in a couple of semi-rural counties. What I am finding is that the lots within HOAs sell for double or even triple of lots in regular communities. I would like to...
Sagar Mukala
Am I crazy to think 1 percent rule doesn't work in Phoenix / Scottsdale?
Hello community,I'm Sagar Mukala from San Francisco, a newbie considering out of state investing in Phoenix area to build a portfolio of properties. It is appealing to me because of the ability to catch a short flight...
Kirk B
Dirty Little Secret?
I am trying to find a study with data on the operating expense ratio for residential real estate, and hopefully something that applies to my area. I want to use the data to prove this ratio to my real estate agent. He...
Nathan Shankles
The 70% rule - Do you abide?
I have house hacked a SFH and I have used the BRRRR strategy on a duplex, however, I have never strictly flipped a property and sold it. For those of you guys go have experience with fixing and flipping, how closely d...
John S.
How to determine depreciation for new construction rental home?
Hi BPers, I need help to determine the improvement portion for depreciation on my new construction home. It was placed for rent on 6/19, and occupied 8/19. The Property Record Card is not accurate. It only shows t...
Diem Tran
I got another stupid question about the 50% rule.
Hi Everyone,I understand that the 50% rule is basically, in MF, is the general rule for expenses which includes vacancy, management, trash, etc. But is it taken from the actually income or potential income or potenti...
Kenneth LaVoie
talking myself out of deals / 50% rule
Hi.
I need some help in my clarity. I have been educating myself for about a year and investing for about 6 months. I have been analyzing some deals and have already walked away from ONE 11 unit apartment building th...
Michelle Marty
how low is a low ball offer?
I am wanting to purchase a 4 unit building. I have found one that I am interested in that is for sale by an owner agent but not listed on the MLS. The asking price is 199,900. The owner paid $140,000 in 2010. This is ...