Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Don Spafford
Has anyone ever used the Velocity Banking Strategy?
I searched for Velocity Banking but did not get anything to return except for some lenders using that name. I just was introduced to this strategy this week and was curious if anyone has done it and what their experie...
Brian Burke
Cat Litter House: Flip # 653 and it could be the worst one yet. Look at the pics and you decide.
Some flips are easy...paint, carpet, clean, and list. Then there are the hard ones. I've never posted a diary of a flip before. With over 600 flips under my belt I sometimes think that I've seen it all. Then I see...
Evan Parker
Congratulations! You Gentrify: Displacing a Community
This question is one I pose to anyone who has an opinion on the topic. Obviously we're all here because we like something about the idea of REI and passive income. As the process goes, we find a "good deal" in some ar...
Allen Felker
How to shut up the Wholesale bashers
Wholesaling real estate can be life changing. I know a lot of people who started from nothing and now make 6+ figures annually doing so, that pisses agents off lol. The things I see about wholesaling on BiggerPockets ...
Maria K.
Insurance Claim question
I may need to file a claim for some roof damage on my rental property that is out of state in SC. I am not sure whether the damage would warrant a full replacement by the insurance company. The roof is at 20 years - e...
Mike A.
Does Insurance cover damage to premises done by tenant?
We went through a 6 month long eviction in NY and the tenant was finally thrown out by the Marshall last week. They easily caused 5k in damages. Does anyone know if insurance will cover this? Luckily, I have a vandal...
Edita D.
Hail Damage in Kellar, Texas
I have a property in Kellar and the property management company informed me that a hail storm had damaged the roof. I have 2 quotes - 1 to repair the roof and 1 for a brand new roof. Has anyone had a similar situati...
Joshua D.
Insurance Claims on my properties? What to do and what not to do?
So we had a pretty bad windstorm the other day and my roofer came to me and said you have some serious damage going on with your roofs. I went around properties and really didnt see any difference which there is none....
Viral Patel
Insurance payment for roofing replacement
Hi All,I need some help from experts in the forum.
The insurance company is not a std/one 25 companies in USA. It is small company.
My insurance company approved roof replacement and send me 30% payment with mortga...