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Hello,I've a deal that came across my table for which the expenses are 80% of the annual rent. What is the recommendation as per the 50% rule ? Should I avoid deals that have too high ratio of expenses and rent ?Pleas...
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This week it was announced that my job site will be permanently closing its doors within the next couple years. My goal has been to go full time into real estate and I have been working as much OT as possible to build...
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Hey Everyone,
I am a recent college grad who landed a job underwriting loans for a bank. While the job has provided me with some extremely useful insights into how banks operate and look at individual loans, my real...
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20 years of age Texan. I have made roughly 20,000 dollars this year flipping houses. I have suffered a lot of profit loss from under estimating expenses. I am getting tired of flipping and am thinking about getting a ...
I live in the Rochester NY area. I've been looking to buy my first multi-family house all summer long.My search has been mainly on the mls and craigslist.I've been having a hard time finding something that will meet ...
If I'm understanding things correctly, turnkey properties already have a tenant and property manager in place. Does that make them appropriate for a new investor (because a lot of the "hard work" has already been done)?
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If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
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Hi Bigger Pockets,I've seen bits and pieces of information about this in various places, but I'd like to ask people who have actually gone through this procedure.I anticipate my rental properties will accumulate about...
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Hey everyone,So I'm buying a house in Lincoln Park, mi and it's going to be my first flip. The city apparently only requires an inspection from the outside of the house. I want an inspection done inside as well but wa...
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Hello everyone, I am beginning the home buying process for my first home. I'm going to buy a 2-4 unit building and live in it but I am looking for advice as to whether or not I should manage the property myself or use...