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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...
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OK, y'all. Are you new? If so - pay attention...I got a PM today from a very nice guy. Very well-spoken, seemingly intelligent, and well educated.He introduced himself, and congratulated me with a job well-done on ...
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OK. So here is the situation. I was in the process of purchasing a rental property through a Turnkey company that was asking $261,000 that just appraised at $226,000. Of course, I am not paying the original amount an...
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Hello friends in the BP community.Can you help me to develop this plan for investing in abandoned Washington State real estate with emphasis high on ethics and to maximize my business privacy while minimizing my entan...
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I am curious how many investors went straight into multi family or even quickly into MF?What were your reasons for doing so?What did your first deal look like?
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I have two duplexes that need the windows replaced. Me and my Dad are planning on doing the work ourselves since we know how to do it and we can save a substantial amount of money. The problem is getting a permit from...
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I found a contractor I like to rehab a house I bought. Is it best for the investor to always purchase the material? I am assuming the answer is "yes" to get credit card points and prevent a contractor from charging a ...
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My First Deal and the 12 Deadly Mistakes I MadeThe quick and dirty numbers: Purchase Price: $17,307Purchase Closing Costs: $2000Rehab Costs: $80,748Roof: $6538Foundation: $3000Handyman Labor: $19,284Dumpster: $4378Ele...