Colin Leach
Understanding the 1% rule
I have read posts and listened to the podcasts and they discuss the 1% rule which I understand is a rule of thumb. I see this small duplex (1 bed/1 bath each side) listed for 70k. It is rented out right now at $450 pe...
Mormon Redd
Analyzing a Deal for Profitability
I am trying to get in to multi-family apartment investing (5+ units) and have been searching for a property that I could reposition. In a training program I did I was taught to estimate costs at 50% of gross income wh...
Vinh Tran
The 716 - New Investor in WNY
Hello BP,I hope everyone is well and safe.
My name is Vinh, and I am new to real estate investing. I was born and raised in downtown Buffalo and just recently moved out to NYC. Given the the recent resurgence (seem...
Michael Peters
HELOC Strategy to build capital - does this make sense?
Hello BP Community!I am 2 weeks from closing on our first property. We are purchasing it owner-occupied through conventional financing. As always, we believed we got a good deal. However, as we dug deeper, we are conc...
Timur Medaric
Purchasing Investment Properties at 70% of FMV??
Investors seem to throw out the 70% rule as a standard in purchasing investment properties. I understand that it varies by markets, but as markets continue to get more saturated and more competitive, is it fair to ...
Justin Delahoyde
Washington Tax Auction process.
Hello,I am looking for information on the process of Washington Tax Auctions. I understand some of the first steps, but would love a good overview or somebody to have a deeper discussion on. My local area consists of ...
Simon W.
Real Estate Agent vs Real Estate Broker
Real estate professionals, let's clear up the confusion! A real estate agent is licensed to represent buyers and sellers in the sale of real estate. A broker, on the other hand, is a step above an agent and holds a hi...
Jonathan Shnoravorian
How much crime is too much crime?
Hey guys, doing research in a few areas. I see some neighborhoods of properties that are presented to me on realtor crime heat map as a tier 4 (5 being the worst). General areas I've looked in for multiple markets whe...
Richard Moreno
private money for down payment
Hi BP, I am looking to buy a 6 unit building, but I don't have enough for the 25% down payment. But I do have a client that might be interested in lending me the down payment, which would be about $200k. Not sure how...
Daniel Loane
Use detached garage with permitted bathroom from the 60s as Airbnb?
My partner and I are in escrow for a property that's part of the coastal area of Los Angeles and we are wondering about our best strategy for the detached garage. We are planning to live in the main structure ourselve...