I've been thinking over the 50% guideline and have spotted a hole in the analysis.
Say for example there is a house for 50k. House rents for $800 x 50%=400. P&i $300 and $100 cash flow. Good deal right?
No...
I am seeking advice.I recently purchased my first house with a 5% downpayment. My goal was to occupy one of the 4 bedrooms and rent out the other 3 to room mates. I purchased this house knowing that the roof needed to...
I purchased a new exhaust fan for a bathroom that's never had one before. The guy I contacted to install it suggested ventilating into the attic, rather than externally, since the attic itself is already ventilated. A...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $265,000
Cash invested: $65,000
Sale price: $418,000
This was a beautiful 3 bedroom home on a one-level floor p...
I bought a new roof and new flooring in 2012 for my rental in Houston and have been depreciating it every year. This year I sold the home for $136k and want to make sure I capture the correct cost bases. I paid $75k f...
HELP! I have a situation and would love to know if you guys think I should walk away. My realtor is terrible, made a lot of mistakes, and doesn’t advise me well. She filled in the contract NOT as I requested, and it t...
I came across many such "as-is" listings over the past week but couldn't find answers to the red flags. So, I did some research and put down afew important details. Let me know if there are other red flags as well. Yo...
I have a 1991 single wide that belongs to my mother (she no longer lives in it). It needs a lot of work, floors need to be replaced, the roof leaks, and outside wooden walls are rotten around the bottom. Would it be w...
Here's a longer form post about my situation, but i'll summarize it below (https://www.biggerpockets.com/forums/41/topics/1163859-hoa-f...)
> Military husband/wife buy new home, divorce, stop paying note and hoa&g...
BP landlord experts I need your advice,I'm in the process of closing on a turnkey and they've been awesome ensuring everything on the inspection is fixed before we close. However, the inspector mentioned that he "rec...