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Can someone give me a definitive answer on the 50% rule? I understand the concept, that your expenses should only equal 50% of your gross rent in order to get positive cashflow. But which expenses are included in th...
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Hi BPer,I am in the process of closing a 6-Unit multifamily. I would like to seek your opinion on the following scenario:The seller won't share any tenant information with me, except the name of each tenant for all 6-...
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Hello BP!I am considering purchasing a few SFR's in the greater Cleveland area (Euclid) and I've been made aware that the owner is responsible for paying the water and sewer bill. I was hoping to hear how some other ...
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Hey BP,
So I just stated my first flip in Chandler Az! Super excited to hit the ground running. Contracts have been signed, closing is set to take place on the 20th of March. As an added bonus, the sellers sold the h...
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Dear BPers,I've noticed that this site seems really focused on residential real estate investing. I'm curious why there seems to be an emphasis in that direction here. My impression (though I am definitely a novice ...
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Through social media, my girlfriend saw the ad for MFM and signed us up. At that meeting they gave us good insight on what we would be learning at the 3-day workshop. For those that don't know, MFM focuses on RE inves...
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HowdyAnyone having issues using yellowletters.com this year? It seems like every other order I do has issues. Either they are short on envelop colors or something. I scheduled something to ship 9/17 and it just hit ma...
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I purchased a tax certificate from Alabama a few years ago and I now have the tax deed dated a month ago. I just picked up the tax deed yesterday and am filing it today. Someone started bushhogging and surveying two p...
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Bookkeeping questions:
I purchased a property with cash flow, according to my calculator, on day 1, but knew it was a value-add opportunity. Since the acquisition, I have done upgrades. Technically, I know that with ...
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Hi BP!I'm new to the world of REI and have some questions in regards to wholesaling with and without a RE license in the state of FL.So I've been reading A LOT on this topic and the more I read the more questions I ha...