Paul Bowers
How to apply the 3x rent rule of thumb
I maybe renting a SRF to three friends. I will make each of them sign the lease but was wondering if you would expect each to meet three times the total rent or only three times their share?
Mariel DeVito
Does the 1% rule apply to Multi Family Purchases?
BP offers a calculator to help determine whether a property is a "good" buy. In situations wherein you don't have access to the calculator, can you apply the 1% rental rule for SFH to MFP? What's the fastest way to ...
Trevor J Dammon
Does the 50% rule apply to duplexes and fourplexes
Hi all,I've been doing a lot of research recently and am now starting to look at actual rentals and run some numbers. I'd like my first property to cash flow positive. I find estimates for property taxes by looking up...
Robert Meaux
How 3 Unrelated Tenants Rule applies to House Hacking
So I was thinking about housing hacking in Pittsburgh in the future and am trying to clarify this ‘3 unrelated tenants rule’ where no more than 3 unrelated tenants can live together. If I’m living in one of the rooms...
Christin Nguyen
How Does The 1% Rule Apply in House Hacking?
Hey everyone,
So I'm a travel nurse ready to get started into this world of real estate. I have a potential duplex but wanted to understand how the 1% rule would apply if I live in one unit and rent out the other.
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Joshua M.
Does the 50% rule apply for short term renting?
I am thinking of renting my current primary residence. I dont plan to hold it longer than 2 years so I am wondering if the 50% rule would apply?
Henrik Frank
Do the 50% and 2% rules apply to condos?
Since many condos have outside and structural maintenance built in to the HOA fees - do the rules still apply? I realize that some maintenance always will be necessary, but it seems some of the bigger ticket items can...
Jon Rood
Does the 2% or 50% rule apply to new construction?
I am thinking about building a 6 unit building. Each unit is 3br/2ba and would rent for 850.00. This is a little below market to be conservitive. I can build the project for an all in cost of $385k. This would be a ca...
Trent Rogers
Does the 1% rule apply to all prices of homes?
My wife and I are in little bit of a tight spot. The guy that purchased the empty lot next to us has made an offer on our house. It's a long story, but trust me, it's most advantageous to negotiate and sell. We have t...
Jun Zao
Does the 2% rule apply to North Lawndale, Chicago IL?
City: Chicago, ILNeighborhood: North LawndaleNeighborhood profile: low income, high crimeProperty type: rentalUnits: 7+Monthly rent income: $7000+Does the 2% rule apply to properties with this set of characteristics?