I am currently running numbers on an off market deal for a duplex in my area. I am using the one percent rule but would like some clarification on when I should run the calculation. Does the 1% or 2% Rule come into pl...
Hi, I'm just starting to learn about REI and want to know how to determine if your market will have plenty of potential renters for a SFH?
Hi everyone! I wonder what indicators people pay attention to when they choose the market to invest in? For example, this article mentions that such factors as demand, rental rate, and HPI are the main factors for RE ...
plan to do most of the upgrades and repairs yourself
If you plan on doing the work yourself, can you then " safely " pay more than the 70% rule states ? So can you now pay 73 - 75% vs 70% , if you're going to...
Hi everyone thanks for reading. Below is the description I found online of a property. I'm
Working on analyzing it but I found something I thought the current landlord has missed. They are charging $590 a month which ...
Greetings:
I am doing a cash-out on my 4-plex. I bought it in 2013 for 274k and it is now appraised at 500k. Even so the appreciation is nice, the Gross rent totals $4640 and has room to go to $4800. Note, I pay...
I have an opportunity to purchase an 8 unit property but struggle with calculating an offer. My issue is with figuring in approx 150K of deferred maintenance. Numbers look like this: Gross income 72K.Taxes and insu...
Can you guys tell me what depreciation does for real estate investors? And, what is cost segregation? As I understand it, you are supposed to divide the building value by 27.5 years, and 39 for commercial real estat...
Currently looking at a 2 family in New Britain Conn, zipcode 06053. Asking is 260K, real estate agent says rental income can be $1600 per unit. 3 bedroom 1 bathroom. Does anyone have experience renting in this area? I...
Hi All,New to the game here. Really appreiate this community and everyone's never ending help.I have been living in my current home for 3 years. I am renting out starting June 24. Is it safe to assume that the loan in...