RICARDO RUIZ
50% EXPENSE RULE
Where does this rule come from ? Is there data supporting it ? I have couple friends with rental and they completely disagree with 50% expense rule..They believe its expenses are much less that 50% of one months rent....
Jerry Poon
Portfolio Loan vs. Mortgage on Investment Properties
I have the impression that portfolio lenders give loans based on the performance of the properties. While I was speaking with my personal bank, they said they could offer better rates in the form of a traditional mort...
Miguel Moran
is it worth going to real estate clubs.
Just want your input is it worth it to go to real estate clubs? if so why?
Maxwell Hodgkins
normal Cleveland duplex floorplan?
The wife and I are looking to relocate to Cleveland, OH and buy a duplex. We have been using Redfin as our main reference.There are a few side-by-side duplexes, but the vast majority are over/under units built between...
Fabian Alvarez
Connecting with the BP community!
Hey everyone! Joined the BP community recently. In general I’m working on build financial freedom, I’m currently listening to the podcast and reading HOLD. Also putting together a general plan, what I’m trying to achi...
Noelle Maine
How & is an LLC required for a Vacation Rental
I am looking to purchase my first vacation rental in another state and am wondering if I should get a traditional LLC or a Series LLC and do I need to contact an attorney to set it up for me. Do I setup the LLC in the...
Christopher Hall
I'm confused on how to value a MHP
Most MHP I see for sale have 60, 70, 80% MHP owned homes. The sellers show the NOI for the lot rents + rents on the mobile homes, and then CAP that at 10-15% and put it up for sale.Isn't the proper way to value these...
Kevin Vincent
Beginner with a few questions - Agents and Property Managers
Hi All, A few questions that came to mind in these early stages; I understand these questions don't have a right or wrong answer but I would like to hear the different opinions. 1. Is it better to work with an investo...
Norm Chrostowski
Would you buy this?
Call from one of my mailers:
SFH, 3/1. Sec 8 tenant just signed one year lease agreement. House just passed all inspections. Also Sec 8 just increased rent from $560 to $600/month. Owner said he'd like to sell and g...
Erica Hatfield
Tax liens scavenger acution in illinois
I am looking for information on tax liens auction. I am new to REI. I am working on buying my first investment property and this scavenger sale seems like a great opportunity. Does anyone have experience with tax lien...