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Can someone please break down the 2% rule and 50% rule down for dummies.. i just can't comprehend this . Can you break it down with examples ..:-) Just trying to figure out this whole 2% and 50% rules .. Thank you
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So I have a neighbor who unfortunately happened to move into a corner lot circle across from my property, ever since he has moved he told my other neighbor who shared with me information that he is anti pro short...
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Hi All!! Newbie here,I'm currently 1 of 2 tenants in the building I'm interested in purchasing. The owner is open to selling (not cash-strapped or anxious to sell necessarily), but with the potential sales price and...
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My tenant just informed us that they were terminating a 2-yr lease with 10 months remaining on contract. We have a signed, executed lease agreement and did not mutually agree to terminate lease. The monthly lease was ...
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Hi BP,My now husband, but at the time, fiancée moved in together at the end of August 2014. We decided to rent his house out at the time because it made more sense than trying to sell it a the time. He rented the ho...
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Hi all,
I became an accidental landlord when I couldn't sell my house and was lucky enough to rent it out to a friend and I am just breaking even, but buying down the principle. It looks to be a good deal for both of...
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Investment Info:
Single-family residence fix & flip investment in Spokane Valley.
Purchase price: $97,000
Cash invested: $117,000
Sale price: $246,000
The strategy with this property was to t...
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Hello all,I have seen several posts about confusion between what is considered CapEx, maintenance and repairs. To me, repairs and maintenance can almost be combined (assuming CapEx items exclude repairs and are their...
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Hello! I have a tenant from hell moved out. Fixing place now and preparing to rent it out again. He was my first tenant and I learned a lot in two years of our relationship :) I had quite standard lease with him. I wo...
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I am looking to purchase a property, renovate it, and sell it with the help of a private lender. I will be "producing" the project from start to finish - finding the property, handling the purchase, designing the rem...