Doug Smith
FEMA 50% Rule
Hi All, I know I haven't been on here for a while, but I've honestly been too busy to log on and interact. I'm a Tampa-based lender as well as an investor. That being said, I'm getting a lot of inquiries from unseason...
Michael Anton
First Real Estate Investment Deal... SO CLOSE
Hi Community Friends!I have my first property lined up.I am going to make an offer of $252,000 (price set at $272K). The place needs some cosmetic updates so that is why I am throwing this offer out. - Taxes are $8,00...
David Coombes
2% v. 50% Rules in Saint Louis
Today For the last several months I've been analyzing properties listed for sale in the Tower Grove and select South City areas of Saint Louis to buy and hold. Very few are meeting the 2% rule though some pass using t...
Tony White
HOA's are they good or a bad idea?
I'm looking for your comments about weather to buy into a community (12 houses or 30 homes) that are part of a HOA community. In talking to several property owners there appears to be a lot of bickering about many de...
Michael Ealy
Why You Should NOT Buy Based on Actual Income of the Property
Real estate gurus teach: Only buy rental properties based on actuals (actual net operating income) not based on pro-forma (or projected net operating income).Although it sounds good and reasonable, after doing this si...
Clay Asplundh
Thoughts on the 15% rule for short term rentals?
Hello all!Typically when I am analyzing STR deals my most efficient way to find out if a property will cash flow well or not I use the 15% rule. This is where the revenue for the property needs to be 15% or more of th...
Ingrid Nagy
Ever heard of wind farms?
Another landowner told me that he was approached by an outfit seeking land for the installation of windmills or windfarms as they call it. Anyone ever heard of this?
Christopher Spear
Do renters care if someone died where they live?
Hey BP! I am looking at a BRRRR opportunity for a C class house in a C class neighborhood. It should meet the 70% Rule and the 1% Rule. However I learned that the previous owner committed suicide in the house. Does an...
Jeff McCaskey
Tenants using marijuana in a multi unit building - how to handle it.
Ok everybody, multi owners/managers especially need to input on this one.HOW DO YOU HANDLE COMPLAINTS OF MARIJUANA USAGE IN A MULTI???? - MOSTLY ISSUES DUE TO BEING ABLE TO SMELL IT WHEN SMOKED.....Ol Mr. Pro McCaskey...
Tyler D.
Pittsburgh Area Fourplexes?
I'm interested in buying a Fourplex in Pennsylvania. I'd like to get the biggest/ most expensive I can while still maintaining the 1% rule. I plan to owner-occupy 1 unit to capture a great low interest rate for the lo...