Hello everyone,I am new to real estate investing and this may or may not be a basic question, but how do/do you obtain a property’s expense prior to putting in an offer or down payment? Do you ask the broker/seller or...
When analyzing deals, how much should I consider for monthly expenses? I've heard of the 50% rule but have read that's more of a "rule of thumb" and not a concrete measurement. Do you take into consideration the age o...
Hey everyone,My wife and I are hopefully closing on our first BRRRR deal and I had a question for those who are rental investors. Where do you keep the money from rent that you set aside for expenses? Do you set up a ...
I have a three unit building in which I occupy a three bedroom unit and rent out a 2 bedroom unit and a 1 bedroom unit. I am planning on allocating the expenses as 50% rental vs. 50% personal based on square footage. ...
Hi all,
I am new to the US rental market and have a few questions.
The item expenses, to be deducted from the gross monthly rent in order to achieve the NOI/cap rate/net gain, etc. is for me the biggest obstacle whe...
What is a good price to pay a landlord / property manager to manage my properties?What is a method I could use to estimate this expense?
Hello fellow investors, I have a question regarding expensing vs. capitalizing expenses incurred before the property is advertised for rent. I have purchased my fifth rental (new construction) and need to buy fridge,...
I noticed some BiggerPockets members asking about the rising cost in lumber and plywood, and given my background, I figured I wood (haha) weigh in on this subject. I currently work for a lumber company and I primarily...
We have always purchased inexpensive properties. The most we've paid in our area (Western NC) is around $35,000 - rents for $550. We are in our 50's and starting to look into the future of our rental "career." We are ...
Hi; I am noticing that sellers are often upset about my estimate on repairs. I don't try to make extra money by overquoting repair expenses so I'm thinking of offering the seller an agreement where I double the rep...