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Using the 50% rule as an example, on a house that rents for $850.So $425 goes to expenses/vacancy. Is it best to deposit this portion in a separate bank account? So for those that have multiple properties, are you usi...
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Hello everyone,
My name is Trevor Neis and I am a relatively new member of bigger pockets. I have been listening to the podcast and reading forum posts for several months now, and finally decided to make an introduc...
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First Question: As an agent that wants to start a property management company, what is the usual split between the broker and agent, assuming the agent is doing the work and has more or less started the company with ...
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Hello,
I am new to the REI world, and am learning so much. The more I learn, the more I realize how much I don't know. I'm a stay-at-home mom with little savings. I've read that having a mentor is important, but hone...
Just passed my NJ exam - thoughts on the real estate company Exp?
Thanks
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We are rehabbing a 6 unit office building - or possibly 4 units if tenants combine spaces.
After years of residential experience this is my first in commercial. I initially planned on hiring a commercial agent to hel...
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Hello,I am currently on my last year of University to obtain a degree in business focused on Finance. I am currently in an internship in commercial real estate but I can't imagine myself managing portfolios forever or...
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Here are some topics in an agreement that have my concern:
- Waive the requirement for approval from owner for any repairs or maintenance of any one item under a specified amount (one company is asking for $600…). Th...
Hi all -The mortgage agent who approved me for a conventional mortgage and agreed to have the the mortgage underwritten (he is not the actual underwriter) for a close next week on a rental property just came back to m...
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Newbie on Cape Cod, Massachusetts interested in Bourne, New Bedford, Fall River, all of cape cod and Plymouth.I have been curious about calculating cost of repairs while looking at wholesale deals. Does anyone have po...