Account Closed
I'm new here and trying to understand the 50% rule
For example: i wanted to know if I had rent coming in at $1000 and mortgage is $400, which the rule states that 50% of the income will go to expenses and the other will pay for the mortgage and the reminder will be th...
Chris B.
Help crunching numbers for renting my primary home
I need to post to the New Members introduction forum but thought I would dive in here and ask for some help.My wife and I became accidental landlords in 2008 and honestly have kind of been on cruise control without do...
Jacob Kendall
Hello from Missouri, Young'n lurking for answers.
Hello all, I'm from Hannibal MO. 20 years young, grew up knowing what a honest days work is. I'm not from a family with any money to speak of so I'v always had a dream of having money when I'm an adult. Real estate h...
Al Williamson
Complete List of Tenant Fees
I'm trying to round up all the different types of fees a landlord could charge their residents. This isn't my favorite income idea but there is no doubt collecting fees is a way to prevent more costly mistakes. What's...
Ben Welch
Ontario Markets - First Time Investor
Hello BP Canada,I'm hoping to get some feedback on the community's feelings towards the Ontario market right now and some advice for a prospective first-time investor. I've been researching real estate for about a yea...
Orie Brown
How to Use Sales Comps
Hey everybody, I had some questions about trying to understand how to value a single-family home and a multi-family home using sales comps in the immediate area. I live in and plan to do my investing in the Chicagolan...
Keegan Schaub
Looking for creative financing/partnership!!
Hi, I have STR house I am looking at that has great potential but is a bit out of my price range. Looking for advice on where to come up with the money and/or partnerships. The asking price is 1.15mil. The current own...
Alex K.
House Hacking Question - I'm not handy
Hello Everyone, I've decided after much thinking and asking around to other investors what the pros and cons are to buy in Los Angeles where I live. I have enough for 20 % down on a 700k house and I am planning to hou...
Jay Garrison
tenant complaining of sour smell in kitchen pantry
Hello,I have a tenant who is overall a good one, but had a mouse infestation due to leaving a big bag of ramen noodles on the pantry floor for months... mice got in and caused a big infestation. I paid for the pest co...
Trent Reeve
Today's market profit??
In today's market in my area, i can find some sub-$300k houses, with mortgage payment about $1,000-1,100 (after 25% down payment) would profit around $350-500. but my down payment would be from a Heloc, so after int...