Mike McKinzie
Fudging the 2% and 50% rule
As has been discussed quite heavily on these forums, as investors, we look to 'gross' 2%+ of the purchase price and expect 50% of the rent to pay for all expenses except the financing.
Do any of you 'fudge' on these ...
Kyle Houlahan
How to get started in multi-family properties
Looking for a bit of guidance on how to get started in multi-family rentals. I'm targeting a 10-20 unit apartment building within the next year or two. I think $1mm-$2.5mm range would be a realistic purchase price. I ...
Petronella Kerssens
Let`s get the ball rolling
Good morning, everyone!
Wishing you all a fantastic and healthy 2024 filled with prosperity and success! 🎉
I recently made the leap to a pro membership here as I've been immersed in the complexities of real estate n...
Brandon Fo
Rental Real Estate in a Rising Interest rate environment
HiIf one is buying an income property with a mortgage, what are your thoughts on buying properties in a rising rates environment? Do you think this is positive for a rental investor as higher rates may make ownership ...
Mark Statner
Starting out in south jersey.
Question: is there anywhere to get educated on square footage? How to know the size a of house just by analyzing the amount of bedrooms etc. Also, how do I determine the value of a property based on location? If anyon...
Walt Hairell
Determining sales price
How does one determine sales price based on rent?  I have an older but in very good shape 2000sf double wide mobile home. 4bed 2bath central air/heat. It is attached to city water and sewer and the lot is part of the ...
Erin Murphy
Out of State Investing?
Hi! I’m a 19 year old NJ Realtor with around $20k saved up. I initially thought I would start off by house hacking a multi-family house in NJ, but I’m not sure that will work out right now due to the crazy market and ...
Michele Z.
Account organization when first starting out
Hello BPers!Quick question. Looking to purchase our first property by April/May of this year. Assuming it's bet to make sure that funds for REI don't co-mingle with private funds from the get go, but I also feel it's ...
Jerry Kisasonak
What sales price goes on a deed for a Sub2 transaction?
I am working on a Subject-to deal and wanted to know how much transfer tax I'd pay on the deal. Of course, this depends on the purchase price. But on a Sub2 deal, what goes on the deed at the purchase price? My initia...
James Morand
Bank Loans
If you have the money on hand to buy a property outright is there any reason, or what are the reasons to take out a bank loan?