So I'm currently a senior in high school and I'm making vague plans to invest in real estate once I get into college. I originally had the plan to live in the dorms my freshman year and then house hack for the remaini...
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Duplex for sale $220K, each unit is 2Br, 1 bath. $1100/month per unit. Taxes $5600/year. As I understand it, this would fit the 1% rule, however, not sure if the numbers work. assuming 30 year mortgage @ 4% PITI =$15...
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When doing rental property calculators and writing a budget for monthly expenses there is the 50% rule that says expenses should be half of the monthly income, but is that true in all cases? Utilities can vary widely ...
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Good Afternoon! I hope everyone is well. A few of my colleagues were wanting to meet more investors to connect and help each other reach our goals. If you would you be interested please let me know. We are going to be...
Hoping someone has some ideas for lending as we’re at our wits end. I’ll try to keep this as concise as possible. I have been a self-employed web/app designer for 6 years and been in the same line of work for 20 years...
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My friends are retired and no longer have steady reported income but they do have a free and clear 900k house in California and perfect credit. In trying to help them get a cash out refi I was thinking of suggesting a...
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Do you usually include property taxes as expenses in your cash flow analysis of a potential property if you are taking out a mortgage on the property and believe that you can count on depreciation?
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Hi everyone,I’m currently learning as much as I can about real estate investing. I’ve been listening to audiobooks, reading books, listening to podcasts, joined some FB groups, and this forum. I live in Rochester, NY ...
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I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
I have seen so many people start and stop in the Real Estate business more times than I can count. I recognize that a lack of initial success is going to result in people petering out but what about the people who fo...