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...
Hi Friends,My husband and I have been working with a company to invest out of state in Indy. The process has been horrible and arduous. The property has a great cash flow and a good cap rate, but the company keeps cha...
I have read through a lot of forum post about the topic of wholesaling (the latest by @Brittany Witt) and it seems like the argument of wholesaling being legal/illegal could be squashed once and for all by getting you...
I'm a relatively new private investor and have begun experimenting with the crowdfunding sites, to get into a wider variety of deals at a lower contribution if the terms and restrictions turn out to be viable, or a...
If you were advising a new investor starting out, what would you say would be the fastest way to make a million dollars investing in real estate? When I say fast, I don't mean get rich quick. I mean the most direct ro...
OK I got my first phone call. (Well this is the second) but this one seems really serious.Would it be ok if I asked a few of you to walk me through my first call experience?I will tell you exactly what is happening an...
Calling all underdog RE investors.If you got into real estate because you were an engineer, lawyer, doctor, or otherwise have large amounts of discretionary income, that's cool, but I want to hear from the unlikely he...
I have had a interesting discovery recently. At the end of last year, I was finishing updating my financials and I realized that my networth had reached over 1 million dollars. That had been one of my financial goals ...
Picture it...Pittsburgh, Pennsylvania, home of old houses with serious problems and the people who live in them. At the end of October, the bathroom sink upstairs springs a leak. The leak flows across the tile floor a...
Hi BP members!This is just my second post and it feels great to have received such good feedback and support.Since I don't usually carry around $100K in cash, my southern California backyard market can seem a little i...