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Can someone give me a definitive answer on the 50% rule? I understand the concept, that your expenses should only equal 50% of your gross rent in order to get positive cashflow. But which expenses are included in th...
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Title says it all: What's something nobody tells you about Real Estate Investing, but should?I'll go first: THE MAIL! and the TEXTS! It's overwhelming. I've never gotten more snail mail in my life (mortgage statements...
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I finally caved in and for the first time ever, I have put a property in the hands of a "qualified" property manager. I vetted this company well and it seemed like a good one to hire. However, after signing the ag...
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I have some investors that I'm good friends with that asked me to find deals for their rehabbing. I know them well and they have just been approved for an unlimited total line of credit for rehabs, but a per deal p...
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Hello BP members,Here a newbie from WA that is in trouble. After studying for many months the possibility of buying a house through a foreclosure action I finally did it, and even though I knew about the risk and repe...
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Hey everyone!
I have a 12 unit value add deal under contract. This is my first step up to real multi family. I currently have duplexes and single family rentals.
About the deal:
725K purchase price
108K gross rent
...
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Hi there,I am soon to visit several markets where a handful of turnkey providers will lead tours of the neighborhoods they operate in, their renovations in progress, and their finished product.In doing so, I hope to g...
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Say, I purchase a small distressed apartment complex for 500k that is valued at 600k. I renovate the apartment using an equity line (Is this a good idea, in terms of the source of funds?) My goal is to renovate the ap...
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Hey guys,
I am new to real estate investing but have been doing my research on how to get started. I am in my early 20s but want to get started as soon as possible. I had 2 questions which I could use some advice on...
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Hello, everyone. My name is Gabe and I'm starting to get serious about real estate again after some time off. I've bought 5 properties over the last decade and a half, with some really good and really bad results (the...