I guess my question is how accurate do you find the 50% expense rule?
If you gross rents are $2500, a margin of error of 10% on your expenses would result in a $125 difference in cash flow. This might result accepti...
I own a NNN lease that I purchased 15 years ago. I have some residential real estate experience but nothing in commercials. The property is in a different state and I’m not familiar with the market in that area.
For ...
Opinion on re-finance terms:
Im currently at 3.625% with about 26 years left on a 30 year fixed.
I was offered 2.8% 30 year fixed on a VA IRRRL refinance. Loan would
re-set to 30 years, but principle and intere...
Mother passed away Feb. 9. On Feb. 12, I gave her tenants (now mine) 30 day notice to move (not knowing that California requires 60 days). Tenant has not paid Feb. rent yet, claiming that I do not have legal title...
My neighbor's basement is flooding after some pretty heavy rain over the past week. They have called a basement guy out, who would solve the problem by jackhammering up the cement floor in the basement, digging a tren...
The question for you all... would you rather purchase a property that earns you positive cash flow month over month but very low property value appreciation or a property that barely breaks even every month with great...
Contractor is a month past deadline and not even half way done with job. (Only demo..rough plumbing and some rough electrical).On my last visit to the site about 10 days ago there wan no progress from my previous visi...
I recently purchased 5 duplexes in Tampa, FL. All leases state clearly tenants pay all their own utilities. (these leases where in place when we purchased) Seller confirmed tenants pay all their own utilities. All sep...
HI BP community you ROCK! Thank you for taking the time to read and even respond:)I'm thinking about paying for some one-on-one coaching with the Michael Blank team.Has anyone specifically used Michael Blank's one-on-...
My mom bought a condo for 150,000 over 10 years ago. Probably worth 190 today. She has rented it out for several years and now wants to give it to me. Shes figuring she will have to pay about 30,000 in capital gains t...