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Pretty simple question, that my searches haven't turned up.I understand cash flow, expenses, and the 50% rule. I also understand that people tend to look for a certain number for Cash on Cash return (e.g. 6-10%). What...
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Hi,I'm brand spanking new to BP and looking forward to learn a lot about House Hacking! I just submitted a post to the starting out forums! I'm ready to get smarter about this new venture with hopefully not falling in...
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Hello BP Community My partner and I are interested in purchasing a mobile home and RV park directly from a small owner who is located in a rural part of Central Florida. The park should make money but we just have di...
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I'm new to this site, first post.
I'm looking for opinions on a deal I have just began to pursue.
24 unit
12- 1 BR
12- 2 BR
6- 4 unit buildings
Tennants pay heat/elec
Landlord water/sewer
3.25 acres
asking $720,...
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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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Hey Everyone,
Since this is my first time starting a discussion I guess I should introduce myself. My name is Jason Reynolds and I'm from Sicklerville, NJ. I'm 21 years old & I've spent the last few months learni...
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I can buy direct from an owner a 3 family at 155K. Here are the rents, $800, $750, $550. All rents without utilities. Taxes $350 per month. Estimate on insurance $150 per month. Not sure about maintenance, snow, lawn...
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Hi BP,I bought a townhouse as my primary residence in 2006. Moved out in 2011 and converted it to a rental unit which I recently sold in 2015. My question is about how to treat the loss for tax purposes. I have a CPA ...
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I am looking to get into short term vacation rentals- specifically in Phoenix. The one thing I can't find is examples of other people who are using a company like Turnkey and what their returns are? Say if I put $50k ...
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Ill start with my current situation and mindset
Im 22, I bought my first investment property 10 months ago.
A duplex in my hometown (spartanburg, sc) for 108,000
I put 27,xxx down, and I currently owe 69k on it.
S...