Peter Ferre
How important is the 1% rule?
I am looking at an 8-unit apartment complex right next to a major University that is cash flow positive. However, it does not meet the 1% rule, with it being at .81%. How much should I weigh the property not meeting t...
Orr Kichin
How to rent a big SFH by bedroom ( 3-4 tenants in one house)
Hi everyone,I have SFHs, each rented out the conventional way.Now I own a big house- ~4000 sqft, 4 bedrooms, 2.5 bathrooms, big back yard, 3 space car garage.I want to rent it out by bedrooms: The Master bedroom wit...
Jovan Kitchen
Condo Purchase Opportunity; Hesitant on Purchasing
Hi, I currently live in Washington, DC in the Brookland; Fort Totten area. I currently live in a 8 unit commercial building that was built in 1942. My unit in particularly is only 381 sqft and has some updated featur...
Christian Cody
Finding loans with a 1099
My fiance and I are looking to acquire our first REI. We are looking to do a house hack to get started in investing. The main problem we are facing is financing. We have the money for a down payment and the basic item...
Aditya Tor
How are the rents for investors in the Northern Virginia area ?
Hello Everyone! I am looking to purchase my first investment property in Northern Virginia, my budget is 650k max. Cash flow is non existent for the properties i was looking at, my only option is to either house hack ...
Dominic Greeley
Phoenix, AZ Real Estate newbie
Hello, my name is Dominic and I live in Phoenix, AZ. I have been a homeowner since I was 19 years old and understood the method house hacking before the term existed. At my current age of 29 in 2018, my priorities cha...
Reed Jeffries
Is bankruptcy my best option?
Hey, this is a throwaway because I feel a bit of shame about my predicament: I’m looking into whether bankruptcy is the best option for me.I am 34, and had accumulated $110,000 of student loan debt and around $15,000 ...
Joseph Weisenbloom
Is FHA worth it?
I was reading a post about the new FHA regulations and wanted to ask the forum's opinion.
From my understanding PMI is now required throughout the life of the FHA loan. Even if you build enough equity to brea...
Andreea Chidu
Must haves (and must nots) in a rental renovation?
I am about to purchase my first single-family rental property, and it will need some work to be rent-ready. I am planning the reno now to be ready for when it's time to get to work, and I keep flip flopping on what to...
Matt Kowske
Looking for GnuCash users
Hello,I am new to the site and am currently working on learning accounting and bookkeeping for our 1st rental property purchase. I am using GnuCash and am looking for other users to get feedback on accounts setup and ...