Hi, I have been reading about the 50% rule and I use it for my rough analysis. My question is: Is he 50% rule enough to cover major expenses if you plan on holding the property for many years (roofing, AC, etc) or do ...
I have a home for sale, price 900k. Not free and clear, has about 480k left on mortgage. Someone asked our realtor if we would be open to seller financing. We are early in process but I am leary of everything, as t...
Hello,I would like to hear any creative ways to pay an onsite manager. I hear a common way of paying anywhere from 5% to 10% of gross rents, but I'm not sure that is how I want to do this. I believe in and want to c...
I am currently looking into a 8-unit apartment building. It was built in 2011. The asking price is $600k. It was built as "condos" so there is potential to purchase it as 8 separate mortgages and have a lower interest...
I have a general question about purchasing a multi-family with 5 or more units. I've heard from a few sources that banks will not question your income when looking for a loan on this many units. For example, if I were...
Watching a Hubzu auction that ends tonight. Its base bid is too high so it will likely expire. The place is perfectly nasty to scare most away and I would like to have it at the right price.Anyone ever try to contact ...
Yesterday was the closing day on my first property (in Huntsville, AL). I wired the cash to close from my bank (USAA) to the account that the closing attorneys provided. The attorney's assistant said she was a littl...
I need some help with a decision on our new property. This is our 2nd rental. We are buying a 2br/1ba home in Hammond Indiana for $105k (a smaller 2/1 just sold nearby for 120k). In order to close on the property we a...
When purchasing a commercial multifamily building with 5-50 units, how is everyone underwriting / assessing the non-controllable operating expenses on the target property? The offering memorandums from Agents are extr...
Hello,I have been trying to find some answers to some questions about Bigger Pockets.~How many properties can you post per week/ month? ~Where do I post these properties? In the marketplace?~What's the difference betw...