Tyreek King-El
Stashing away for Vacancy. Does it actually matter?
Does stashing away for vacancy really mean anything? The idea behind stashing for maintenance and Cap-Ex make sense, but for vacancy, say you start out with a new rental, and you put away 3-5% for vacancy per month. L...
Account Closed
House hacking - Sch E
I am currently house hacking and want to know what the best way is to maximize return on Schedule E. 1. Dividing expenses - I see some post saying that I should just divide the unit by half. In my case, my tenants spa...
Jonathan J.
Looking for advice on fund rehab to turn Primary home into rental.
I'm been a homeowner since 2011, long story short I got way too much house (2500 sq feet, 4 bedrooms [to house a blended family], etc) for my income at the time, and the legal issues I had shorty after closing didn't ...
Jared Emerick
Making The First Deal A Winner With Creative Financing? How do you Exit?
Hello everyone,I have a property ready to get under contract. We're still negotiating, so this is a "worst case scenario (at the price now)" situation. Asking for thoughts and opinions. This will be my first home whi...
Catherine Peters
Financing a 5-plex - commercial loan?
Hi BP'ers!I ran across an MLS for a 5-plex today that is 4 1-bedroom units with a 3 bedroom/3bath attached on the backside and listed as a townhome. I have been speaking with my mortgage broker to see if there's any w...
Vina Real
First BRRRR investment propin Baltimore
Hi everyone! I found this thru the Marketplace from a reputable person. Here's the info:Purchase Price- 60,000Closing Cost-4,000Repairs- 30,000 (he emailed me the full inspection report and had a contractor estimate a...
David Gamble
Wholesaling subject to Deal
Can I do a subject to deal on a property if the calculated ARV is 317,000 and the owner is 50k behind and my assignment fee 35k is that a reasonable assignment fee? The seller also had 234k left on the property. Any f...
Mo Sylla
The MAO:What's the real numbers?
In his book " How to Be a Quick Turn Real Estate Entrepreneur in Any Economy" Real Estate guru Ron Legrand claims that your MAO(Most Allowable Offer)shouldn't go above 70% of the ARV(After Repair Value)of a property. ...
Kristin Hairapetian
1st time investor
Hi everyone. I'm very new to this so please bare with me. I am thinking about investing in a home near a military base that is in another state. I used to live in the area so I'm pretty familiar with it. I have a real...
Vishal P.
Types of Multi-Family Furnaces and What to Look For
I am currently looking to buy a 6 unit building and have been visiting properties for inspection. Every time I visit a property and inspect the furnace, I find the furnace and its piping overwhelming and confusing. Is...