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So I'm considering a multi unit property that could be well within the 1% rule for the Salt Lake City area. The only catch is that the current tenant is Section 8. I'm pretty sure that the advertised rent with section...
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I have read numerous times how important it is to have your screening guidelines clear and in writing and to stick to them. I understand that -- but is it possible to use different screening rules for different proper...
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How do you ethically price houses that you are to buy and flip?It is pretty easy to determine the maximum amount that I'll pay for a house but it is a bit harder for me to determine the minimum amount that I will pay....
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For LTR the general rule I learned was to save 10% of Rental Income for CapX and 5% for Maintenance and Repairs. What is the general rule for STR? You have to pay for broken TVs, new towels, etc. so I wondered if it w...
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Hello Everyone,
Hope all is well with you.
Over the past year I have been reading books, watching real estate investment videos, and the 1% rule seems like a common target a lots of investors looking for. It is basi...
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I am looking at a property that will have $1300 per month in expenses and gets $1600 in rent from established renters. There will be significant room to move on rent in the current market, but I will only want to rais...
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So I've heard a few investors on the podcast spit their numbers after a BRRRR and all of them said they cashflow. But using the 50% rule of thumb as a conservative start to estimate capex/vacancy/repairs, they did not...
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Hi all,
Had one rental in the past but never in this market. This doesn't hit the 2% rule. So do I just walk?
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I'm new to real estate investing as well as BP and have been putting in a lot of effort in reading material, watching videos, attending REI groups on real estate investing as me and my partner develop our business. I ...
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I am trying to determine if the purchase of this house is a good deal for tear down and new duplex construction numbers are 105k for house $225k for renovations. ARV $450k. Using private money about 17k cost and look...