Garmeon Y.
50% rule flaw - missing out on deals
How much further would you look into a deal before passing? What if a prospective deal is slightly negative cash flow using the 50% rule, but might actually be positive using actual numbers? What's the risk of passing...
Chai Sag
Newark ,New Jersey .Help deal analysis
What would be the real cap rate of this property (with estimated expenses)) and what would be the real value?
$390000 / 4000ft² - CAP RATE : 18% HIGH RENT ROLL*$7K*-(2)COMMERCIAL/(4)-3BR Building (ESSEX-Bellvil...
Steve Fitzgerald
Installing Security System in Rental Property
As I add additional rental properties to my portfolio I'm thinking about whether or not I should have security systems installed. Both as a feature for tenants and for me in the event the space is vacant. Is this a pr...
Matt Mach
Closing on first flip, now what??
Just got word that the buyer for my first flip was approved by the bank and we'll be closing 12/9. I created a solo LLC that is owner of the house (may have just been a waste of money) but I was sure to try to keep al...
Bryan Hart
Landlord from Kentucky
If someone buys a house in poor condition and fixes it up for a rental and does all the work themselves...come take season does one depreciate on taxes the original cost of the house and the cost of materials? Or can ...
Gaurav Bhasin
Value Add Multifamily
Hello, I have a basic question. I am looking at a property that’s 12 units for $360 k. Current rent is $4800 a month, taxes are $6200 a year and insurance is approx $6k a year. Owner pays utilities which is approx $1k...
Jenine Y Mims
Making a profit on rental property
Hello my name is Jenine. I wanted to know how can you make a profit if a private lender is funding 100% on your project. If you refinance to pay back the lender and use the rent money to pay back the bank how would t...
Garfield Reid
How to Partner for a Rental
Hello Bigger Pockets family, My brother and I have acquired a single family house following my fathers passing. We intend to do a turn and rent the house. We both are covering the mortgage. The question is how do...
Rebecca Samarelli
Open Bank Account for New Rental Property?
Hello,My husband and I just purchased our first rental property (!!!) and are planning on doing some renovation work in the next few months.We currently have the funds in our own separate personal bank accounts. Shoul...
Liz Scott
1031 Closing Costs on buyer side
Hello. I'm getting hung up on "allowable exchange expenses" vs the requirement to reinvest all equity. I understand that exchange expenses can add to or subtract from the basis as a whole, but in a situation with debt...