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The 2% rule TEST is a quick screening tool for rentals. It says:"The monthly rent should be about 2% of the purchase price for a rental to be a good cash flowing rental"I really don't know when People here started us...
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Hi guys, I recently went to buy a rental property and after inspections were done the house only had a 60amp panel which means I can not get homeowners insurance for it. Since I can’t get homeowners insurance I can’t ...
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I've owned (2) rental townhomes for 8 years - I've used a property manager and I've never once had any problems. However - - now, this won't just be a 'side' investment, I am out of my lifelong business career - - a...
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As I continue to explore and prepare to be a REI I am finding people around me being very doubtful and advising against. The feedback is always about the headaches, constant tenant problems, constant repairs, evictio...
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Hey there, BiggerPocketeers!As we begin 2017, what do you see as your biggest challenges your business faces? If you're a new investor, what challenges are you experiencing in getting your first (or next) deal?
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Hey folks - so I have a property in a lower-income part of town and almost every tenant who applies has a pitbull. (The animal, not the singer!) Anyway - tenants today know the game. They just need to say "it's a serv...
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I have been listening to a good amount of podcasts on here and it seems to me that most investors who invest in multi family are staying small meaning anywhere from 2-15units. I understand that it depends on each indi...
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Hey everyone I’ll try to make it short. I’m 20 y/o and my ultimate goal was to primarily learn about real estate. I saw this job app on Indeed “Real Estate Acquisitions” I applied and got hired. 1 week in I realized i...
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Hi all,
I am in the process of a short sale on my home here in CA. I started keeping a log of what has happened so far and thought it might benefit others if I share what happens. So I googled for a short sale/forecl...
Hi everyone, my name is Michael and I'm a 15 year old from New York. Over the past year or so I've been trying to get into real estate but there's always a problem with either the strategy or my age. I looked into B...