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...
Hey everyone!First, thank you so much for all the support after my recent Podcast episode and the recent BiggerPockets release of the 2nd Editions of The Book on Flipping Houses and The Book on Estimating Rehab Costs....
While cashflow is key to keep the property safely under control, I seem to find that the larger returns for our portfolio to date come from strategic growth of equity. My wife and I are still fairly small in our inves...
It would be great if your guys could answer the following questions
- Were you able to quit your day job and live off cash generated from RE?
- If so, what age did you start investing, and how long after investing did...
Many of us experienced folks on the forums the last couple years have been expressing concern about people being overleveraged and for strategies like the BRRRR method. Myself, @Jay Hinrichs, @Alexander Felice, @Joe S...
Hello! I'm a NEWBIE to wholesaling so please don't judge. I'm trying it out for the first time. I just bought 109 absentee owner leads for $50 on Melissadata.com/direct (January 1, 2020). & I'm using a website cal...
I am beside myself trying to figure out what documents do I need to have for a rent to own agreement. I talked to a lawyer but he didn't seem to want to talk about what I needed. The first thing he said was "I don't t...
So I'm in Wally World minding my business and a guy comes up and down the aisle giving out business cards! Lo and behold he's a remodeling contractor! Don't know if it's a sign from God or not, but I have been looking...
Hi All! I had to share. Against all conventional advice and wisdom, I've just quit my job. My fiance's job brings enough for us to cover are needed expenses and I have about a year's worth of savings built up on top o...
Hey BP,I live in San Diego, CA and would like to invest out of state. I like the idea of investing OOS because it means my investments will have to be passive and it gives me the whole country to choose from. The down...