Account Closed
I'm new here and trying to understand the 50% rule
For example: i wanted to know if I had rent coming in at $1000 and mortgage is $400, which the rule states that 50% of the income will go to expenses and the other will pay for the mortgage and the reminder will be th...
Leticia S. Tucker
Sould I sell my duplex?
New at this game. How do I gauge whether or not I should sell my property? What should I take into consideration?
I have a duplex that I have owned since 2010 and is rarely vacant. At the moment it is under rented. W...
Mike Goikhberg
Adding two gas/electric meters to single fam property
I am considering buying a property that was built as a two unit but is not zoned as such in baltimore CITY. I want to split the electrical. Is there any way for me to get a second meter there? Or perhaps wire two ...
Kathy Welch
Is it to evict a paying tenant after buying a duplex in Maine?
I am purchasing a duplex for myself to live in one unit and my adult daughter to live in the other unit. The unit I will be in will be vacant per the contact I am currently under. The other one has a lease that expi...
Brooke Gaston
Help tracking expenses
Looking for suggestions on a software to track expenses on investment properties.
Marcos Torres
Is this deal too good to be true? What am I missing??
Hey guys,I've been searching the MLS daily and come across some decent properties..I decided to search for multi units specially ones that have been on the market for a very long time. I came across a 3 unit that has ...
Mareno Rathell
Who pays closing when working with Wholesaler?
The last several Wholesalers I’ve worked with had the buyer pays all closing cost in their canned contract as though it’s a given rather than negotiable. So my question is, is it common practice to just assume buyer p...
Tyler Last
Section 8 - Inherited tenants way below market rent
Hey all! We bought a property in August and it's got three units (two in the front are attached are by one wall, and the back unit stands alone). The two front units are Section 8. We're sort of in a pickle with one o...
Scheherazarde Roddie
Seller stay after closing
Hi. While closing a on a property that I’m going to occupy as my primary residence the seller asked if they can stay in the property 3 days after closing to pack and move to TX from TN.I understand the risk I’d be tak...
Joe S.
Is promoting buying rentals due to a conflict of interest?
My question is… Do people promote buying rentals due to some sort of personal benefit/conflict of interest?From a birds eye view and in a perfect world people would buy a property and their tenants would pay for it. ...