George Cummings
Rent to income ratio
What is a number that you use when doing your credit check on tenants on how much they make versus how much rent it? I usually use the 25% rule. I usually take whatever there income is and multiply it by 25% and that ...
Nick Longstreet
Blanket Mortgage Question
Hey everyone. I may have an opportunity to do a house hack on a property that has a 4 bed 2 bath house and a mobile home. The seller is also selling the property next to it which has a 1 bed 1 bath on it. He's combini...
Rigo V.
How did you use your personal unsecured line of credit?
Would anyone be willing to share their story on how you used your personal unsecured loc? The numbers etc.I am interested in going this route versus a HML and wanted to see how its worked out for others.
Brock Roorda
Buying STR - under existing LLC or new
I am under contract ($575k) to buy a lakefront condo that allows STR and will be paying cash for the purchase. I thought I’d mention since it’s a condo there is an HOA which would assume a large portion of the risk f...
Mark Koski
Building townhouses for rent or sell them as condos
I plan to build 12 town houses. Two sets of six. I am wondering if it is worth looking into setting them up as condos with an association versus just doing long-term rentals. I have experience with long-term rentals b...
Joanna Palmer
$30k condo or $50k single family?
If both the rents can go to $750/month, go with $30k condo or $50k single family? HOA of condo is about $150/month.
Account Closed
Starting a company??
Hello,
I am currently interested in buying my first small multi family to house hack and to see if I am cut out for the business. I am wondering if I do someday start my own company would it be possible to transfer t...
Account Closed
Why shouldn't I invest more money in lending club?
I started investing money in Oct 2010 in lending club. My current annualized returns are 11.28% (I think my projected long term return will be around 9.5%). The only reason I can find not to continue to invest on th...
Jonathan Beemer
where to invest 10K?
Hi BP,im looking into the best ways to start investing and what experienced people would do right now.if you had 10K where would you invest it today? how would you invest it? what strategies would you use?thank you!
Stephen Washington
Investing in Southeast Asia
Hello everybody,New to the forum, just as the post implies I'd like to know how everybody feels about investing in the real estate market in Southeast Asia right now. There are a lot of up and coming markets like Mong...