Don Nelson
50% Rule Expenses
So I'm estimating expenses and trying to figure out the 50% rule. I'm an experienced flipper, but moving to buy and hold. I understand the need for CAPEX reserves (5% of GOI) and property management (8% GOI), taxes,...
Wesley W.
Renting vs. House hacking: a case study
Hello all,I've got a bit of a financial puzzle I'd like some input on.My wife is going away to school for 3 years, so she will need housing during that time. As budding buy and hold investors, we thought this might b...
Denise Holder
purchase a chapter 13, condemned hoarder house?
Hi,, The house at the end of my street is abandoned, in chapter 13, condemned and the owners were hoarders. I'm considering purchasing the house to bring up the neighborhood, my own property value and just get rid of...
Francois G.
Question For Lenders Regarding W2's
Hey,I was looking to get some advice from a lender regarding financing for a potential client I'm working with. Long story short, she was in the hospitality industry for years but now she wants to "work for herself" a...
Shane Huckstadt
New from Chicago Suburbs or Daytona Beach, Florida
My name is Shane, and I'm currently living in Grayslake, IL which is a far north Chicago suburb. I own 2 rental properties, a former primary home of ours, a 3/2.5 in Round Lake, IL and a condo in Oak Park, IL.I say t...
Andrew Sime
New Member Intro from Mishawaka, Indiana!
Hello all,I am a new member from Northern Indiana getting into buy and hold investing in pursuit of financial freedom. I am a 3+ year student of real estate and just finished my first rehab to rent. I purchased a 2 ...
Tim Porsche
BRRRR Strategy - Refinancing Question
Hi all, so since hearing and reading about the BRRRR strategy I have become very interested in possibly doing it. I would be looking for fixer upper multi-unit properties to renovate, rent out and refinance. There are...
Liz Rogers
Our Realtor is telling Us our house won't sell for what it is worth because of foreclosures??
Hey BPers!
My husband and I have a house in VA and we live in Kentucky. We are working with a realtor who did some comps for the area and told us we won't be able to sell the house for what we want because there are ...
Vitaliy P.
Should I rent $2M 7,500 sq ft house?
Hello,
I recently built $2M+ house in Alpharetta, GA area. The house is pretty big, approximately 7,500 with finished basement 6 br, 7 bath, 3 car garage, has sauna, 1 acre lot - farmhouse style. No pool yet, but can...
Bryan Dumesnil
I Don't Know How to Make Offers Quickly
Hi everyone,My wife and I have finally found a property that we would like to flip but I am having a hard time figuring out how to put in an offer quickly. Our realtor says that we need to have proof of funds in order...