Ryan Standage
Understanding the 50% rule
I have been reading up on the 50% rule, and i am trying to understand it fully. My previous method of calculating expenses only adds up to a mere 35%
my old way includes
Property tax x 12
Mortgage insurance x 12
Re...
Ben Bakhshi
Working with a partner. Does it matter if he brings cash or a mortgage?
I approached a friend about partnering on an investment.
Basic terms are that he puts down the whole payment, gets 50% of income off the top, no other expenses, and on resale, he gets the original investment back firs...
Samuel Carmichael
What does the title look like after a hard money loan?
How does the seller bring funds to the table, how do I get seller and hard money lender to communicate, and how is it really structured.
I assume - the title is in my name? And the HML has a lien against the property...
Andrew Pettit
Accountant Fee to High?
Morning,
My current accountant charges me $725 to do my taxes for my three properties. Is that normal? Or should I go somewhere else?
Thanks.
Ben C.
Do you rent instead of own?
Do any of you rent instead of own (by choice) and use that free capital to invest in real estate instead (i.e. Flips etc)?
When buying a home you have a lot of additional costs:
Down payment
Mortgage payments
Prop...
April Lee
Newbie question. What is the best way to invest in vermont
We did our calculations on cash flow, the best is around 3%ish after tax and depreciation. We are just new to the market, but seems like even for the most popular Burlington area, home appreciation is rarely more than...
Philip Adeleye
Condos as long term rentals
Hello All,My name is Phil, a real estate investor in the Chicago/Central Illinois area. I am relatively new to BP but have already learned a ton from the forums and podcasts. I am considering purchasing a condo in cen...
Dielita McKnight
Former IT Project Manager - will my skills transfer
I am interested in learning how to manage my own construction/reno projects. I was an IT project manager in my former life. Are there any forums on renovations or construction?
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...
Cody Wageman
Looking to start investing in STRs
My wife and I are looking to capitalize on the equity on our home and start getting into the STR world. We have recently gotten a HELOC and are looking to start making the steps to buy a rental property. Being complet...