My question is this. If I use the 50 percent rule in my market. Most of these properties qualify easy. Do I make an offer then ask for actuals? There's many properties I want to pull the trigger on. Any advise?Thanks...
Hello, Newbie here. I was searching through the RMLS and trying to get some practice in on looking at buying a rental property. I'm not ready to buy, but I am pretending that I am to gain some understanding on how t...
Good evening...
Well…I believe this property is worth taking a second look .
Property has undergone rehab but still could use upgrading. Blue collar profile and working class property. 3 story garden style.
I’m re...
I am looking to become a new first time investor and am working with a great Realtor out in the Cleveland area. He just sent me a deal that checks a lot of boxes (Newly renovated, cash flows according to the 2% rule a...
Hi. I’m in the middle of my first real estate investment which is a new construction build of a one family home. From what I understand, I can sell the property and reinvest the proceeds into a new property without pa...
I live in Prosper and there is a lot of new construction/newer homes north of 380. However, I generally will spend $275-310k ($140/sqft) and it looks like be able to rent out at about $1/sqft. Is this a bad decision...
Who owns, flips, is a property manager or realtor in Marietta, GA? Especially the downtown Marietta Square area? Lots of old homes in and around Marietta Square, why do contractors not tear down and rebuild like they...
I currently have 3 rentals, all SFH. I know a real estate agent who also has rentals and he suggested that my next purchase should be a 4 unit building. The problem is that when I look at the MLS for my city there i...
Hello, BP! I hope everybody's doing well around here. In thinking through the 50% Rule, and modeling it out in my spreadsheets, I am finding myself very uncomfortable using it. Here is the hurdle that I'm mentally up ...
BPers,Is there a rule of thumb about how much cash you should keep on hand, beyond the aquisition cost? As I am drafting my budget for my first MF Apartment acquisition, I want to make sure I am not over-leveraged.Str...