In my three units, I have one group of tenants that in their early twenties and like to use the backyard for parties (BBQ, Beer Pong) with 10 plus people. We have a couple of senior neighbors who would always complai...
I want to practice analyzing deals before I jump into anything. But is that possible to do without involving anyone else? Do you need to actually go to the house and have a contractor there to walk through and figure ...
First of all, I am a new real estate investor. My general strategy is buy-and-hold. I live in crazy California, so my real estate world is pretty bizarre.But, I think that a first time investor should think about star...
Hello all!My condo building HOA has a rule about 51% of the building needing to be owner occupied, leaving only 49% to be renter occupied. This is managed by the Board of Directors with the HOA- other homeowners withi...
When I closed on my first duplex in Harrisburg, Pennsylvania in August 2017, "the 2% Rule" was the gold standard for determining whether a property would cash flow. (The 2% Rule says that the gross monthly rents shou...
say if a multi needs to be rehabbed in order for it to be livable. Say it needs 60-80k in work. Say the asking price is 375,000.00. Do you apply the 50% rule to the 375k? Or the purchase price plus the rehab?
I’m trying to put together my first buy and hold deal somewhere between a single-family residence and a four Plex most likely. I’m using the 50% rule for every property I come across and none of the numbers seem to be...
What rules govern your real estate investing strategy? For most - it’s a tough question to answer, but not for today’s guest Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in rea...
Who knows about the laws and rules regarding the # of units within a condo that are allowed to be rentals vs. owner-occupied? My understanding is that HOAs typically require at least 50% of units to be owner-occupied....
Hi, I have been reading through the information on BP and have a learned a lot. I have 4 buildings and am in the market for some new ones. I have been buying up to this point largely on whether I can fix up an old ...