Jeff S.
The 76% rule
Just wanting to point out the importance of analyzing repair costs before buying for a buy and hold. Assuming 50% expenses and spending the rest on PITI can get you in trouble.
In the last 5 yrs my duplex has average...
Edwin Lopez
Managing gross income from business
What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in adva...
Pascal Lapointe
Rule of thumb for buying multi-units in Canada
Hi everyone,My job allows me to work with clients that have real estate investment portfolios and work with real estate agents and after talking to many of them I concluded that it seems that the rule of thumb for buy...
Tony Angelos
Finding the 1% Rule in Chicago
Has anyone bought stabilized rentals lately in the Chicago area that comes close to the 1% rule? Curious what your latest numbers look like?
For reference, I've been seeing properties asking around 0.85%- 0.9%. And...
Greg Rusianoff
Wooded lot in SC - clearing trees
I'm thinking of buying a wooded lot next to major road in South Carolina, clearing the forest and building on it. For anyone who may know about these topics, what steps are involved to clear trees off land. I know tha...
Todd Koch
Landlord Expense Formula?
I am a newbie to this forum and looking for my first rental in GA. In order to use the 50% rule, it would help if I knew a rule of thumb formula to figure out my 50% expense ratio. Can the community help by providin...
Jeremy F.
Need Help on My First Potential Complex Deal
After buying a few duplexes over the last year and a half I have recently been looking at complexes in my area. I found one that might have potential but of course there is a problem. The listing agent is not providin...
Wayne Walker
Like kind exchange rules
I have a rental property that I wish to sell and upgrade to a duplex. I have land in my possession and need to know if IRS like kind rules allow me to construct a duplex on the property. Does this qualify under the ...
Mark M.
What is the lot value of a house on a $ Million $ dollar street?
Roughly speaking of course...Howdy BP'ers from Houston Tx.Just wanted to get some input. I found a house that looks like crap and its old, but its surrounded by $1-1,500,000 homes. Not all the homes are million dollar...
Samantha Brett
Miami High-rise Short Term Rental Investment
Investment Info:
Condo other investment in Miami.
Purchase price: $429,000
Cash invested: $100,000
We purchased this condo in Miami (currently under renovation) to be strictly used a short term renta...