Aaron Mikottis
Fair way to structure split ownership on a no-money deal?
Hi BP. Tomorrow I am closing on my second no money deal! This was one of those "I found a good deal, now I need to find money" deals, proving the old adage right that if the property is good, the finances will follow,...
Orlando Paz
What is the breakdown of the 70% rule?
I have been using the 70% rule, since learning about it on BP's free book. I've also heard of other percentages as well, but for now focus on only using 70%. My curiosity is on how this percentage came to be? is it co...
Francisco Franco
Best/fairest way to split Utilities in a House + ADU lot
Hey BP Family,I finally purchased my first property and we are excited to meet our goals. The lot has a main 3/2 House with a detached garage and above the garage you guessed it there is a 1x1 Studio. Main house has a...
James Orr
Questions on Colorado Springs, Colorado Property for Nomads
I'm in the process of writing a series of books (for different cities) on the Nomad investing model using Lease Option exits and I was hoping to get some feedback from agents, lenders and investors in Colorado Springs...
Marcello Di Gerlando
Cleaning expense as a % of revenue? I'll show mine...
BLUF: Expressed as a percentage of revenue; what are your cleaning costs? please chime in if you can help with any other STR industry averages for expenses.
For the trailing 12months my cleaning expenses account for ...
Andrew Buttafuoco
Flipping in the current AZ Market
AZ Flippers, how are you analyzing deals in the current market? What is a good deal to you these times? How much are you accounting for when it comes to the market shifting and listing a flip 3-6 months down the road?...
Sam Tright
How do note investors determine As-Is value? What % will you buy at?
1. Say a house is bought for $40k, $15k repairs needed. ARV $100,000. What is as is value? For a low priced house like this will you require an appraisal to determine it, or go off some desktop estimate?2. Once as is ...
Account Closed
2% Rule or 7% return
Hey Everyone
Very new to real estate investing and I’m learning about the 2% rule. I’ve been looking at my properties in the sense of hitting that 7% CoC ROI or more. It seems I can hit the 7% return but not the 2% r...
Davit Gharibyan
Rental Income Tax Amount
Hello,Does anyone know how much is the rental income tax in Dakota County, MN. I know it may vary by city, I just need a ball park percentage. I asked the city but they were of no help.Thank you.
Daniel Bryant
LLC Articles of Organization re-allocation question
My partner and I formed an LLC referencing a commercial property that we own together in NY, we used an attorney to draft the LLC partnership together at a 49/51 split. We now are looking to change that to a 50/50 spl...