Exo Dallas
2% Rule or (Rent x 50)
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...
Josh Heeb
Mobile Home Park Strategy
Whats up BP! I found a couple mobile home parks close to me that are for sale. One is 90%+ occupied and nice little community. The other is particularly interesting to me and I want to hear some opinions about this ...
Frank S.
Chicago Short Sale with City of Chicago Lis Penends
Hi BPs!Well, here I have another off-MLS bite. This is about to foreclose and comes with some luggage. I am wondering how to approach it. Any help is greatly appreciated. The City filed Lins Pendeds against the pr...
Mark Abbate
Making a Questionable Offer
Hi All,
Myself and a friend of mine are going in on a first house together, that we eventually would like to be a rental. We found a suitable property that we would like to put an offer in on. Our Real Estate agent l...
Scott MacIntyre
Determining Fair Market Value of an LLC
Hi all, I am in the process of creating an Operating Agreement for an LLC and would like to put some further detail into our dissolution section. How do you all determine the Fair Market Value of your rental property ...
Paul Danieli
Maryland Wholesaling
For anyone doing wholesale deals in Maryland. When you put a property under contract, do you include an assignability addendum? Or do you include some wording in the contract such as (and or assigns)? Some BP pro...
Samori Diallo
Calculating ARV, Inventory Levels, and Comps
Hello,
I am currently in my education phase, soon becoming a wholesaler. Can someone please clarify the following for me:
1. I see a lot of people explaining their calculation methods for ARV without in...
Jonathan Felts
How to determine 1031 Construction Value?
If I sell my property for $600k and owe $300k on a loan, I walk away with $300k minus agent commission ($30K). If I want to roll that into a fixer 1031 construction loan project, I understand that the property purchas...
Wesley Myers
Strategies for determining best nightly rate for STR?
Other than going through VRBO or ABNB and looking at similar properties how do you determine what your nightly rates should be for specific days/months/seasons of the year? On another post someone mentioned “fierce pr...
Justin Burns
Acquisition Strategy
Hello All,I am a new to REI, in the sense that I have not done my first deal yet, but I have a plan. I am also soaking up additional information here and planning my networking process, but had a couple of questions....