Account Closed
In expensive markets, does the 1% rule still matter?
As a newbie investor around the Denver metro area, I've noticed that the 1% rule never applies to the current prices of our market. If you are not utilizing the basic 1% rule, what are some other rules/ways you use to...
Todd Moriarty
Buying 8-12 condo units a good idea, instead of an apartment?
I'm currently looking at buying a 8-12 unit apartment building and seeing on the MLS a lot of condo deals where a seller is selling a package deal of 8-15 condo units in the same building. Common sense tells me this ...
Susan Douma
Improving 1031 purchased property
Several years ago my husband and I, 1031 exchanged into a home with several unimproved lots. It is zoned R-3. We would like to build multi family on these lots. What are the rules for improving on 1031 exchanged pr...
Mark Forest
Costs to rent received ratio?
I am going to have to review the book What every REI needs to know about cash flow, but for now I would like to know what ratio you all use to determine costs verses potential rent received. As you work on a house an...
David Quan
Portfolio lender requires Class A contractor???
Going to doing BRRRR investing. I spoke with a local bank because I’ve read about portfolio lenders are not subject to the 10 mortgage max, cheaper than hard money, and want to establish a relationship for long term. ...
Jose Ortega
Foreign Investors in the U.S.
Good BP,What tax percentage on the ROI will have to be paid by a foreign investor that will like to invest money in my company to buy multifamily apartments buildings here in the U.S.Basically what I'm trying to f...
Arturo Borges
30% Margins flipping houses?
Is there any city in FL where you can actually follow the 70 rule? There are currently no properties in today's market that can meet that. There are no margins for people that can only get high-rate financing plus oth...
Stuart Bartle
Ready to invest in first property rental
I’m just starting out in real estate and ready to buy my first property to rent out,
I’m in Los Angeles and was first thinking about Airbnb condo at the Palms place, Trump or even a sfh to rent long term.
I don’t se...
Jack Srimani
Need expert advise on this figure
Hi,
I am looking at a four unit property which was built in 1926. The owner furnished the following:
Sell price 130,000
Rent- 23640
Operating Expense- 11315 - (Gas 3852, electric - 4260 Tax and Insurance 3200)
Net ...
Jordan Burke
Need a boost
Hey BP, I'm feeling a little down. I have been looking for a place around the provo, ut area and cant find a multifamily that falls into the 50% rule. Does that mean I need to find some exceptions to the rule, or tha...