Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Kelley Roberts
To Master Lease Option or not to Master Lease Option
I'm looking at a deal where the seller is anxious to sell a 38 unit apartment complex. They bought it for cash in 2005 for $1,675,000. Here are the current numbers.Asking Price $1,411,000. The normal Cap Rate for the ...
Hunter Crespin
Advice on education and goals for an aspiring 17 year old.
Hello BP community! I'm an aspiring 17 year old real estate investor, I believe I have found this to be my passion. I have obsessed over learning all I can about REI! I have listened to nearly 50 hours worth of BP pod...
Paul Sanchez
BRRRR Method Using HELOC with Rising Interest Rates
Hi BP community,
I am considering using a HELOC for a 50k down payment on a four-plex. The discounted off market price is 330k with the estimated fair market value at 390k. The mortgage broker has assured me some b...
Jenny Letto
21yr old First Time MultiFamily Buyer in DESPERATE Need of Advice
Hello Everyone! This is going to be a LONG one!I just turned 21 and I am preparing to make my first purchase no later than May of this coming year. I am very excited, but I want as much advice as possible as I am awar...
Cory O'Dell
What do you think of this deal?
Attempt number two to get pictures to work. 8 bed/4 bath fourplex built in 1920 in Troy OH. We're currently working on getting into our first small multifamily, and the numbers look good on this one. Area is decent. O...
Sion Nickson
Estimate rehab cost per sq ft.
Hello BiggerPockets Community,
I was wondering what were wholesalers and flippers in the New Jersey area using to estimate rehab cost per square feet.
-Sion Nickson
Mark Manship
Hold out for Sale or Transition to Renting
I'll try to keep this as specific as possible as to prevent the "...it depends" responses. I understand this is a lengthy post, but it is all in the interest of garnering the most pointed advice.BLUF: Wife and I own a...
Tony Pellettieri
Our 3rd Investment Property - Which Exit strategy?
We have our 3rd Property under contract and plan to close in a week. The house is in a high appreciation area. Trying to figure out what the best exit strategy is. We are open to suggestions for different strategies t...
Bob Woelfel
Evicting a tenant who hasn't violated the lease
Thanks in advance for any advice. There isn't enough room to go through all of the issues here, but I'm looking for advice on how to get rid of a tenant who has not violated her lease. She has lived in one of our un...