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50% rule and the 2% rule
I thought I had heard another investor say that the two rules were basically the same thing. Maybe I misunderstood, but if not could someone explain how they are the same thing??? And also, the 2% rule seems to work...
John Thedford
SHTF: "We Buy Houses" Guy Sues When Seller Defaults
The title is short but may not reflect the entire transaction.Seller was approached by "buyers". After believing all the "buyers" representations were not true, seller defaulted on a contract which he signed. "Buyer" ...
Marcus Auerbach
Milwaukee - State of the Market
I am on record for stating publicly that I don't see a down turn in 2019, at least for our market here. We are technically way overdue for a downswing after 7 years of going up, but I can't find it in the data. On the...
Omar Johnson
As A Real Estate Investor You Must Continue Your Education
With all things that are done intentionally, education comes first. Education is primary to your success in business, and in all circumstances there is an identifiable pattern of learning that leads from thought to a...
Joe Fairless
Here’s What Is Possible in 9 Years as a Real Estate Investor
“To whom it may concern” is how my letter started out.It was 9 years ago and I had finally, after 10 long months of looking for my first investment property, found a deal. It was a 4 bed, 2 bath house in Duncanville, ...
Derrick E.
$7,000 purchase, now the rehab
Some of you may have read my post and/or watched the video of my $11,000 house. That is all in after all rehabbing. Currently rented out for $500/month. Could have easily gotten $550/month.Well we are now rehabbing an...
Bjorn Ahlblad
When someone tells you "the government should provide housing"
This is textbook public housing https://www.kitsapsun.com/stor...
Michael Ablan
Service Animals & Emotional support- Is animal restriction dead?
Hey guys,Is anyone noticing a huge uptick in the amount of people applying for apartments who have service and emotional support animals? In just the last 3 months, I swear 7/10 people have had one of the two. I eve...
Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Maria Dantas
Turnkey Nightmare with Morris Invest - Indianapolis
Hi there fellow investors!We've done our first turnkey purchase with Morris Invest in Indianapolis about 6 month ago. A house in a C neighborhood near downtown, for about 50k. For this price the house was supposed to...