Will Barnard
Validate the 50% rule
It has been agressively stated here on BP that operating expenses average 50% of gross rents. I have posted many times that while that may be true with some properties, it is not accurate or appropriate to use this pe...
Brian Burke
Syndication Investing During a Recession
Investing in real estate during a recession makes many people feel like a long-tailed cat in a room full of rocking chairs. For others, it’s an exciting opportunity.
In my 30 years of real estate investing, I’ve see...
Skyler Mckinney
Quit My Job now what
So yesterday I put in my two weeks. Now what? I don't want to have to find another job, I made a promise to myself that after I left my current job I would not go to another 9to5 and I would not go work for someone el...
Dennis Nikolaev
I woke up with $1.1 million equity and have NO idea what to do.
Thank you for opening my post.I was haphazardly dumping cash in San Diego rental properties since 2006.I don't call it investing, because I had no idea what I was doing. Fortunately, I got in on the upswing of 2012 -2...
Jerryll Noorden
3 closings this week, including a 21K Wholesale fee.
All,I have a success story to share. But it is not a success for the reasons you may think. I really learned a lot from this and from these mistakes I have made I changed the way I do my thing and this is causing a no...
David H.
Attn: SBA Disaster Loans for Landlords
Attention!!!!
Landlords / rental property owners in affected areas of the Covid19 pandemic
The SBA Economic Injury Disaster Loans (EIDL) are available for rental property owners if your state has already made th...
Carlos Lopes
Loan Pay down and breaking even on cash flow
I feel like I’ve been posting a lot lately! Something I’ve been thinking about is the benefits of loan pay down. So I’ve been listening to bigger pockets a lot, and am learning that a BRRRR method is a good method for...
Account Closed
Teaching my kid to fish
Im sure you heard the chinese proverb: You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime.I have a 13 year old and an 11 year ...
Larry H.
Electrician Wants 50% up front
Flipping my first house and first time dealing with sub-contractors. The electrician that gave the best bid wants 50% up front. I balked at that and he said he can do 25% up front. He said he doesn't want to fund i...
Steve L.
50% Rule - Lowest Cost/Efficient Producer
I don't want to debate if the 50% rule in this thread. I want to talk about the assumptions and categories to see how a landlord can be a lowest cost producer/efficient entrepreneurs.
I know it varies from state t...