William C.
Bankruptcy and rent to income ratio
A tenant that applied just filed Chapter 13 Bankruptcy several months ago and has a 600 credit score. His gross income is 4.6 times rent, but he has some after tax deductions (including bankruptcy payments he just...
Jeff Irwin
Understanding passive income from buy and hold RE
So, in my reading, it appears that many pro level investors look for $100 per door in cash flow. So, if I am reading this correctly, and I want to set a goal of $72,000 year in passive income, that is $6000 per month....
Sean Lin
Recent Success in Real Estate & Making Connections
Hey Investors,
I'm Sean Lin, a real estate investor and agent in Philly, and I'm here to share some exciting news and make some connections!
Over the past two months, I've had the pleasure of helping four buyers sec...
Michael Shadow
Millionaire article on cnn money
Did you see this article yet?
http://millionaires.blogs.cnnmoney.cnn.com/2007/10/29/43/
It's so weird 2 years ago I would have read that article and said wow, now when I read it I just shake my head and it breaks my ...
Steve S.
If you acquired an 8-plex with $7,200 gross rents, what would be
a reasonable purchase price with the following assumptions:- 25% down- Property taxes around 2.5%- Insurance around $4,800
Kevin Tunnell
Condo or Single Family Home?
My question is this, based off my income and down payment, I could purchase a 2 bedroom condo right now, but if I wait about 5-6 months I could have enough of a down payment to afford a 3 bed 2 bath single family home...
Evelyn Guo
K1 loss tax report for non-resident state (NC)
Hi, I am using Turbo tax to file K1 form, the NC state tax is filed as non-resident alien. I had a passive loss form the syndication, I am not sure whether I should input 0 or the actual loss number in D-400 Schedule ...
Bryan M.
Looking at new deal, looking for input
Hi Guys,
I havent posted in awhile so it is nice to be back. Anyway I am currently analyzing a property I am interested in and it looks attractive at the right price. It is a 12 unit mixed building with 9 unit rent...
Nick Versetto
6flat help with new value after rents raised please
I'm looking at a 6-flat that's listed for 600k with gross income of 68,400. My question is if I raise the rents and bring the gross income to 86,400 what's the equation I use to calculate the new value? The reason I...
Amir B.
When to sell an investment home
Hello BPers,
I'd like feedback on when an investor should decide to sell their investment.
I bought an SFH in Parma, OH, in June of 2017. I bought it for $86,500, including closing costs. I immediately found a rente...