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...
Ben Leybovich
CLOSED on a 98-unit TODAY!
So, we had another thread going for a couple of weeks here. And this is not yet a success story, since a lot of work needs to be done to make it a success. But, today, @Sam Grooms and I closed on this 98-unit in Phoen...
Jimmy Humphrey
Over Leveraged?
Hi,Listening to some of the podcasts and reading the blog, I keep feeling this inner red flag that keeps popping up in me. I get the feeling that a lot of folks are advocating being over leveraged and taking on an un...
Tyler Jahnke
Morris Invest Case Study 2.0
Hello BiggerPockets!I stumbled upon the Morris Invest Case Study by @Ian E. and am now inspired to document my current investment with the company. This is kind of a long post, but I hope you stay with me. Clayton Mor...
Rachel Gill
Rehab Addict
Like many others, I was originally drawn to the thought of REI after watching too much HGTV, specifically Nicole Curtis' show Rehab Addict. This question is for the seasoned flippers out there...is there any place in ...
Eddy Dumire
Diary of a PIG -- Fredericksburg, VA -- SFH
In a nod to Ben Leybovich, I bought a PIG. I'm going to tell everyone how things work out for me on this thread.The deal:2/1 house in Fredericksburg, VA. It's a very small 725 single story all brick on a crawlspace ...
Matt Higgins
60 minutes homeless crisis ideas for Seattle
Just watched the 60 minutes special on the homeless crisis. Very concerning when you realize that we are part of the problem. To keep our business profitable we absolutely have to screen tenants for felony’s, rental...
Bryan B.
Problems With General Contractor
Hi all, I'm going to try to spell everything out the best I can without going into full specifics of things like numbers. We are in a bad situation and really don't even know where to go from here.
Earlier this year,...
Jody Schnurrenberger
What special touches/amenities do you add when you renovate?
What special touches or amenities do you add when you renovate? I'm not talking about paint color or flooring until you do something special like an accent wall in red or cork floors. I have some upcoming projects, ...
James Gates
FIRST BRRR Complete! Details + Pictures!
Hey Biggerpockets!My partner and I just completed our first BRRRR and we are so STOKED and THANKFUL for the education we have received from this website. I am writing a summary of this report in the hopes that someone...