William R Johnson
Utilities included in the the first 50%, using the 50% rule
I have a question regarding the 50% rule. I am looking at buying a three flat and I want advice about how to run the numbers on this building.
I understand that the 50% rule is a very good conservative way to evalua...
William Fargason
First Rental Tenant Lease
Hello,Sorry in advance for the lengthy post. And, I acknowledge any advice given on this forum is not financial or legal advice. We are new to biggerpockets.com and have recently purchased a SFH rental a block away f...
Josh Edelman
do you make tenants pay HOA?
before I buy a property I want to make sure I run my expense calculations correct. this place has a monthly HOA and a zonal quarterly fee. Do I make the tenant pay for these as part of rent? (ie rent is $1500 and thes...
Shelley W.
Estimating utilities for multi-families in STL
I'm analyzing multi-family properties in STL south city, and I'm having trouble figuring out how to estimate utilities. I know landlords often pay water/sewer/garbage in STL. And I know I can call the utility company ...
Matthew T Fox
New owner wants to change old lease
Hey BPers! Just joined and first time posting.
I am fairly new to investing and am looking at purchasing a duplex that is bank owned. Current, long-term tenants in place. One issue I don't love about the current ...
Chas Lumley
Recommended documents before making an offer.
Hello all,I'm looking to make my first offer on a duplex and I'm needing help deciding what to request now vs what can wait until the due diligence period. Is it reasonable/expected to ask the seller to provide all th...
Dylan Bard
Averaging all bills for complex??!
Hello!I am acquiring a 7plex in Aug. I was thinking of paying all the bills. There are 4 electrical boxes with the 7 units (conversion house), I'm not exactly sure which box is for which units. I wanted to pay for eve...
Dan Perlman
Hard Credit Pull Question
Hopefully this is in the correct forum. Not much directly correlated with "credit."I know that full points can gey shaved off if your FICO score when someone pulls your credit score. Was just curious as to how long do...
Stephen R.
Lose a tax deduction for donated property?
I'm looking to pick up a property that was donated to a charity. (Actually to be more specific it seems it was quitclaimed for $10) I'm being told that the charity will not agree to my offer price because they are con...
Shane Waller
Mobile home purchases in Eastern NC
I have two doublewide mobile homes purchased one for 24k rent it for 650. Have been for three years . Tax value says 80k. Thought about selling in the near future to purchase some others? Should I hold or sale? I also...