Bob Malecki
Solo 401K contribution limit question
I have a Solo 401K set up under one of my LLCs that has earned/active income. I recently sold one of the rental properties in my other LLC via private sale and had this LLC invoice the other LLC at closing for a $35K ...
Bryan H.
Determining Offer on MHP
I'm looking at purchasing a MHP, asking price is $220,000 with CAP rate = 12%. With 25% down and after expenses my ROI is about 21%.
I'm pretty sure the seller determined the price by starting with the CAP rate to g...
Clark Spalding
To be or not to be an Agent
Hello everyone!My wife and I are in the beginnings of our journey into the world of real estate and we are looking into one or both of us getting our real estate license.The thought is that it can save us a bit of mon...
Cara Wells
Should I sell a condo with negative cash flow?
Hi all,I have a 1BR condo in a very desirable location just outside Washington DC (Alexandria, right off King Street). I bought it for $280K in 2006, could sell for $265K, and currently owe $233K.My main concern is my...
Nathan Siva
Clarify How the BRRRR works.
I am trying understand how the BRRR Strategy works. Can someone explain it to me with number please. As an example. I looked at a house that is worth 220k and its on the market for 215k. I am planning to put an offer ...
Diem Tran
I got another stupid question about the 50% rule.
Hi Everyone,I understand that the 50% rule is basically, in MF, is the general rule for expenses which includes vacancy, management, trash, etc. But is it taken from the actually income or potential income or potenti...
Chris Lombardi
New to real estate, looking to house hack in the Jersey City area
Name is Chris Lombardi and really just stumbled upon my brand new interest with real estate. A couple of my friends started buying homes and apartments just to live in, so I thought I'd do the same and make some mone...
Robert Clifford
[Calc Review] Help me analyze this deal
I'm looking at my first Mobile Home Park deal. I used the BP Rental Property Calculator. I have 8 duplexes, but MHPs are new for me. I've been trying to read and learn, and I'd like to pull the trigger on one. If ...
David Krulac
Want to become a millionaire...
According to an article in the Washington Post, If you are over age 62, your odds of having at least $1million in net worth is 1 in 7.If you are under age 40, your odds are 1 in 55
Robbie McKnight
Relationship between landlord and property managers
Hi Guys - I'm new to the rental property game and I have a few questions regarding the relationship between a landlord and property manager.
How does the billing and banking between landlord and property manager norm...