Matthew Mucker
Where does the 50% rule come from?
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...
Meryl McElwain
Wholesaling-how exactly does it work?
I recently heard a remarkable story of a wholesaler claiming they picked up a house for 32,000 and then turned around and flipped it to a contractor for 54,000 within a span of 10 days.
The story is true; which leads...
Carl Millsap
Rebranding a troubled complex
Hello BP, We purchased an early 80s multifamily complex w/ a ton of upside but a bad history. The surrounding neighborhoods are single family homes $400K and up, close to shopping, etc. We've asked the police to pick-...
Nathan Smith
Is college worth it ?
I’m a 17 year old kid just now beginning my investment journey in Real Estate, Stocks and Bonds. I’m currently undecided on whether or not to go to college. Should I get a job, join the service and use VA benefits to ...
Kevin H.
Crypto has better growth and passive income over real estate?
Honest question, why lockup your money in real estate when over the past decade crypto (bitcoin) has better returns and you can now earn passive income and are much more liquid than buying a home? I am moving more an...
Phillip S.
GC says "You're a waste of my time"
Needless to say I'm not having beginner's luck when it comes to connecting with a general contractor. I have attempted to contact 3 different GCs thus far and only heard back from one. The one that responded pretty ...
Gary Li
Property Management income is passive or active
I will try to involve the Property Management for my friends, and want to know:
1. the Property management income belong to passive income or active income?
2. if the property management income belong to active income...
Account Closed
How Investing in the Stock Market Saps Your Wealth
Today, in Sept 2018 the Stock Market is at 28,000. An all time high. The average wage is $26 per hour. It takes 1,077 work hours to “buy the market”. That is, if you buy one share each of the stocks of the Dow, the co...
Xavier Paredes
Do I need to pay capital gains tax on sale of primary residence?
I've searched about this but am getting conflicting info or maybe just misunderstanding what I read.
Two months ago I sold my primary residence in Houston, Texas. Profit was about $100k.
I file taxes as single.
QU...
Michael Morrissey
Help with structuring seller financing
Help me BP, I'm an investor in MA and I currently have a lead on a seller financing opportunity in my area. This will be my first time putting together a deal like this and I'm unsure where to start. Great news is the...