Mike Smith
Rule of 100, 1% Rule, or whatever it is called
In looking at rental properties with a realtor, he mentioned the rule of thumb of looking for something with gross rents of at least 1% of the purchase price. What are your thoughts on this? Do you use this rule? If s...
Jim Stardust
Financing a rental with 15 or 30 yr mtg?
It's my first rental property, can afford both 15 yr and 30 yr (with the appropriate down payment) financing. At 15 yr, I anticipate the property will be slightly cash-flow positive, with 30 yr, there's a lot more ca...
Alex Rector
2 Years to 700 Fico Score
I currently have a 528 Fico Score. In Jul-Aug it was a 630. I paid one of my CCs late (timezone difference / Nov 09) and it obtained a late fee that I was unaware of. I found out literally yesterday when I ordered my ...
Brad Crumpton
New to REI - Analyzing cash flow & other basic questions
New guy here - 34 years old and I've been working as a Mechanical Engineer for 12 years. Plan to continue for another 20-ish. Just now starting to learn about REI and have been trying for a year or so to just look a...
Yonah Weiss
Is it possible to scale Single Family and small MF???
I had a great conversation with a friend yesterday who owns over 100 units, all of which are 1-8 unit properties.He told me he is looking to scale up into larger multifamily properties 40-100 units. His claim was that...
Leon Lee
Why is dangerous to buy small MF deals in tertiary markets now?
Hi, BPersBy going through all the posts in the forum, I got the impression from some experts that it is dangerous to buy small (<100 units) MF deals in tertiary markets late in the RE cycle like now. Could someone ...
Alexandre Marques dos Santos
When will Rents goes up?
With properties prices going up like this, when do you think rents will catch up? Do you think we are in an economic environment to have a raise in rents?as a background I have some properties in Houston, Texas. Ove...
Garrett Knecht
Tenant has moved out without paying rent.
I have a tenant in Connecticut on a month-to-month lease who notified me a week ago (around mid-March) that she is moving out. She hasn't paid rent for March and the month-to-month lease requires a 30 day notification...
Chad Wilson
My $300 Lesson... But its different here
I recently got started with my first property. I don't have a lot of contractor connections and know that I am not very handy. I don't enjoy it and know my time is best spent in other areas. I used HomeAdvisor and got...
Cristina Corredor
Considering to buy Kent Clothier´s Find the Motivated Sellers now System, any advice if it´s worth it?
Hi,
I´m considering the option to buy Kent Clothier´s Find the Motivated Seller now System to find vacant houses. In my area (Anchorage, Alaska) there are not the "thousands" they talk about, there are 350 contacts ...