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I’m considering renting out my house, but I want to make sure it meets the 1% rule. Do I apply the rule to the current amount owed on my loan or the current value of the house? Thanks 🙏
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I am in contract to buy a 12 unit mixed-use building in Queens that is built to the lot lines. The property is 50 x 100 and has windows on all 4 sides of the building. The property is a corner lot and on the interior ...
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Hello Everyone,I'm a fairly new real estate agent in the Bay Area, CA. My brokerage recently had a quick presentation on how having an interest rate buydown vs. a sales price reduction could be beneficial to both sell...
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Hello BP community!Great to join BP. I've been reading a few blogs and forums on this amazing site for about two weeks now, and am just starting out on my own learning journey in Real Estate Investing (REI). After rea...
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Hello BP!I have a newbie question. My question today deals with OFF MARKET deals? What exactly does that mean? Here are my views:1. A property being offered for sale before it is even posted on the MLS.2. A property t...
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Happy New Year! The December 2024 report from the Austin Board of REALTORS® (ABoR) shows stable housing prices and balanced market conditions in the Austin metro as we reached year’s end. Here are some key highlights ...
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What is the formula you use to run your numbers on a flip? I was recently listening to a BP podcast and Brandon talked about how every property has a number. How do you calculate your number?
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I found a triplex that is completely renovated and is move in ready. The property is priced well and is located in an area that rents really well. The only issue is, it’s across from an industrial company that been th...
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Good evening, everyone. This is my first post and I really enjoy everyone’s insight reading through BP. I am writing this from my partners couch in the U.K. I am currently stuck here due to COVID and waiting to return...
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Hope everyone is well. House for rent on market for 4 months, recent price reduction. I have 3 applicants, employed, mid 20s, combined monthly income is $200 short of (3 x rule). 2 of them have excellent credit, 1 ha...