Josh Dane
Does the 50% Rule Apply to Section 8
I have learned a ton on this website, including the 50% rule regarding expenses (not including P&I). Look at gross rents (for example, $1,000 a month), and expect $500 in operating expenses. Now my question is, d...
Andrew Whicker
Rent potential / value added of adding a garage?
Hi,I'm interested in a 3 bed, 1 bath / unit duplex. The duplex has a large yard and driveway, but has no garage (plenty of room for it).The duplex is an up / down that I think can go for 650 - 700 / month of rent.I w...
Andre Young
Need help with living/home decision
Hello, my name is Andre Young. My fiance and I are selling our house. We bought it for 72000 5 years ago and can get 150000 for it. We have fallen behind on our mortgage and both our cars. My fiance got injured back i...
Jesse Grant
Snow Plow Recommendation
Hi Bangor Maine Property Managers, Investors,
My plow guy is problematic. He’s not giving tenants time to move cars, plowing snow into the walkways or not plowing at all. Any recommendations for a good plow guy? Also...
Jared Whitfield
Financing and my credit?
Hello all,
Hopefully this isnt a dumb question and Im not even sure what the right category for it may be. However I cant seem to locate an answer.
When applying for financing consistently for flips doesnt this din...
AP Horvath
Valuation on CRE as cash business without tax returns?
When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...
Aloma Murray
Advice on how to charge for damaged flooring/trim etc on move out
We just had our tenants move out and I'm trying to figure out how to charge for some of the damages. They were good tenants for the most part and cleaned the house pretty well but there are some things. Any tips/advic...
Joey English
The Four Jobs of a Tenant
The four jobs of a tenantRental property that produces a positive cash flow is the Alpha and Omega of real estate investing. To have positive cash flow, you need to have a tenant that pays well. But is that all that y...
Dorian Weber
HELOC came back less than expected - now what?
Numbers
House appraised for $350k
Owe $150k
HELOC based off of credit (740), appraisal of house (350K), No credit card debt only a car payment ($350 a month) and house payment ($1600 a month)
$33k
I changed indus...
John Syn
Mortgage Owner Occupancy Question
Need some advice.
I am buying a home that will be my primary residence (drivers license, utilities in my name, car registered to this address, all mail goes here, etc.), yet am considering using it as an STVR. I’m ...