The 2% rule TEST is a quick screening tool for rentals. It says:"The monthly rent should be about 2% of the purchase price for a rental to be a good cash flowing rental"I really don't know when People here started us...
Hey Everyone,It seems like BP is dominated by US investors, which is great, but I'm wondering where are all of my Canadian friends? The concepts of investing in real estate are the same, but mortgage and tax laws can ...
Hey BP Community!
First, I want to thank you all for the incredible amount of knowledge and support I’ve received from members of this community. I truly believe I would not have closed this deal without Bigger Pock...
In light of all the recent threads about COVID-19, worrying about tenants not being able to pay rent, legislation that seems to screw over landlords month after month, and ethical dilemmas about where it is our obliga...
Obviously, there is some sarcasm there. Generally speaking though, there seems to be the consensus that in the next 2-5ish years, there will be some sort of market correction.In that same breath, it seems like there ...
How do you see your market? Have sales or prices peaked? What are the unique characteristics affecting your market? Where do you see it in 1-2 years?In Austin, sales are still high, but down a little from last year...
My fiance seems hell bent on sending me to chase MLS listed properties. This past weekend I got us to look at the REO he found on Zillow, of which I figured might be a deal. We went out there with a contractor who is ...
I have been thinking of investing in multi-family syndications as a way of moving away from active direct investments into more passive investments to simplify life.I found this article in the link below very interest...
As I'm starting out im realizing all sub 60k houses are in bad neighborhoods where the crime stats are higher and/or significantly higher than usual. With that risk in mind, isn't it easier and safer to invest in 100k...
Hi Gang,I wanted to get everyone's take on this. I'm not one to generally take to heart what other people say that are either a) not in my shoes or b) don't have words of wisdom from prior experience but I've been ru...