you have/ get done, the major repairs, that you may have to make with a Rental
My question is in regards to the 50% rule , and the calculations for it
I know how the numbers work for it, but what if you...
I understand this rule and why I must use it. BUT, is there any other criteria that should be consider? Do I ever go down to 1.75% or say (rent x 55) for example? OR is this the 2% the minimal I should ever use.
A...
i read where your operating expenses should be 30% of the rent.
The problem is our government (especially in my state) loves to spend & I'm at 27.5%! Not a lot of $ for maintenace, repairs, & insurance.
How ...
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 ...
This is my first post.I have been doing a lot of reading over the last several months and am trying to decide what niche I want to become part of. Here is my question:Does the 50% rule apply to single family homes? ...
Even with a competitive mortgage rate, the duplexes near me in lower-income areas do not pass the 50% rule. Can someone take a look at my logic below and let me know if I'm using the rule correctly? I know it's just a...
I am looking to buy my first property, a multifamily. I learned about how to quickly analyze deals using the 50% here on BP. My question is, when using this method, should I factor in PMI into your P&I if you are...
In the past there has been reference to a study done over some large number or rental units that showed the expense ratio was close to 50% (want to say something like on average 49.6% or something like that).I have ne...
It is clear that neither method is perfect, however we want our first investment property to mainly be a cash flowing property. Appreciation is great, but for a house hack, we came across a 2005 home that does not hav...
Hello everyone,
This forum has been invaluable to me. Thank you for sharing your knowledge.
I live in CA, and I'm looking at a duplex out of state. No way could I afford anything around here.
Anyway, the duplex ...