Hello BiggerPockets, My younger brother is under contract for a 4-Fam in Webster, Mass and he is buying through a conventional loan with 5% down since it is his first purchase. Before the inspection period, the seller...
House Bill 1050 (S.L. 2014-3), signed into law May 29, 2014 by Governor McCrory, provides that the gross receipts derived from the rental of a private residence, cottage, or similar accommodation listed with a real es...
Hi BP! My name is Jon and I am very new to the real estate investing industry and community. I have just started listening to the BP podcasts about two weeks ago, but have been listening for about 5 hours a day on a...
Hey, folks! This is my first BP discussion to start. I just found out about BP, and I'm loving it so far. TONS of great info.Along those lines, I wanted to throw something out there, if it's any value to anyone here. ...
Hello everybody , I am currently in the early stages of building business credit & business Capitol (for my flips) and in doing so I know a lot of times you have to have these lines personally guaranteed due to la...
The 2 Percent rule states that 100K homes should net around 2K per month, and the average house around here would be more like 250 for a 2 unit. There is no way I'm getting 5K for rents on a house that is 250K. Im m...
My personal home is paid off and I am looking to obtain more rental property. I have a HELOC (I am going to switch back to an interest only loan) but all of the bankers I have talked to say I can not use it as a down ...
Hi All:
I am looking at picking up a MHP in the near future. As I look at the numbers one the questions I have is around what goes into the revenue/sales/rent line in respect to calculating price based on the 2% or 5...
I currently own 2 investment properties.
Property 1 has 85k market value with 43k left on the mortgage where we clear about $149 after tax, ins, and mortgage payment. It's rent is under market by about $50-$75.
Pro...
we paid cash for a multifamily property. When creating a monthly profit and loss statement do you include property acquisition as an expense? Or do you just include it in the balance sheet and don't really count it as...