Raji Kaur
Need advice on Potential Investment Deal
I'm looking at at SFH in Chicago thats listed at $125K. Its in decent shape and needs work but not foundation or anything major like that. I am not sure about the rehab costs but I will be very consverative and say...
Charles Press
50% Rule & Taxes and Insurance
The 50% rule (or guideline) says you should not exceed 50% of your gross income in debt service.I.e. Principle and interest payment every month. Example, your gross rental income for the month is $1,000.00.Therefore y...
Kenzer Hodgson
New to STR
Hi everyone! I’m new to the world of short-term rentals and just bought my first duplex. I’m in the process of converting one of the units into a short-term rental and could use some advice.
I’m trying to figur...
Nelson Luciano
Tenant issues- non payment/ property damages
Hello Bigger Pockets Community!I'm running into a few issues with my tenants where they haven't paid the rent in months. I gave them a 14 day notice to quit. An additional 30 day notice for non-compliance. I filed a s...
Raj Parwani
Flipping property: max purchase price
I am going to look at a property over the Thanksgiving weekend. I have not seen the property except in the pictures and it seems that it will require about 70 to 80K in rehab costs. The property is listed for 300K and...
Account Closed
I've done a rental analysis and have a question about the NOI
I've done a rental analysis on a potential rental property where I'd be charging $4200/month and the monthly expenses have come to $3635(Mortgage, tax, insurance, vacancy, cap ex, maintenance, Manage, HOA). The report...
Ryan H.
Paying Down Mortgage with HELOC?
Hello, I'm trying to understand whether paying off my mortgage balance using a HELOC would make sense. I am feeling confused about it, because the terms of each are so different. The mortgage is a long-term, fixed r...
Morgan Smith
First deal - analysis help
Hi there, I'm brand new to this site. Can't even believe a resource like BP exists - there is so much valuable information here and such a supportive community. Just trying to wade through it all with the goal of ma...
Raymond Garcia
STR Investment Calculations
I'm new to this forum. Reading "The Book on Rental Property Investing" brought me here with hopes of learning from others' experience.I'm very far from from making an investment. I am currently trying to evaluate area...
Charles Mangum
What to doif no income statement for multifamily REO for sale?
I'm looking at a 24 unit in a small town. The property is bank owned and is ~50% full. The bank has been telling the onsite manager not to lease the property for the last 6-8 months. I'm assuming one would just hav...