Bryan N.
50% rule threshold
I have read up a lot on the 50%, but I can't seem to find a threshold. Is there a correlation on price and the rule? So, a $150K quad is 50% expenses but a $300K quad may be 60% expenses.
Joshua Fields
Avoiding capital gains by using creative financing
I am trying to get owner financing on a $250k real estate asset. The owner has owed the property between 1-2 years. He is going to make a huge profit. If he agrees to owner financing will this allow him to avoid capit...
Isaiah Johnson
Buy, Rehab, Rent, Refinance, Repeat (BRRRR Method).
When doing the BRRRR Method, is it recommended we buy the house cash, or just get 20% plus renovations? My business partner and I are trying to get our first property through private lenders to do this process. Also, ...
Jeannine Brennan
New to BP and considering our first deal, please HELP
We are new to Bigger Pockets, and after listening to a webcast and reading some on the forums, we were presented with an opportunity to purchase a home as a rental property (duplex with ADU (mother in law suite). We a...
Dan Taylor
How to determine if I should rent out/sell condo
Hey everyone. My wife and I are looking to move out of our condo (we live in south suburbs of Chicago) and into a new house. After talking to our lender and realtor I realized that I can take a loan out against my 401...
Pete Harper
1031 Exchange into Partnership
I have a question on 1031 exchange. I own a property in CA in my own name. I would like to sell the property and use 1031 exchange to purchase a property in TX. The TX property is worth significantly more than the pro...
James Lin
I am about to purchase a mobile home in kingsvile tx, advise?
Any advise would be appreciated. It is 47,000 about 1000 sq foot. The rent is 550. After all deduction rent would be 510 monthly. Property manager will do everything all the work. I just collect money . Any advi...
Kyle Engle
[San Diego] 1st Time Home Purchase: SF or Multi-Unit?
My wife and I are looking to make our first home purchase in San Diego and would prefer to invest in an owner-occupied multi-unit building. We found a recent property that we could live in, but not be cashflow positiv...
Matt Halls
First time investor looking for advice
I've got my first deal lined up. Cash deal basically finishing a contract up from a deceased relative. Attorney, title and back taxes I'm in for 10k. I've got a buyer identified and deal worked out selling it for 40k....
Campbell Agyei
Section 8 tenants
My rental property has section 8 tenants as a new owner of the property what measures or steps do I have to take and follow