Trey Leigh
50% Rule and Cash Flow
If I understand the 50% rule correctly, half of your gross rents goes to expenses including a vacancy allowance, and the other half goes to P&I and cash flow.
Using this rule, what minimum cash flow do look for o...
Eric Hathway
Failed to Appraise- Please help
I have an 11-unit apartment building under contract and my portfolio lender just informed me the appraisal was not good enough to lend upon. She stopped the appraiser before he wrote the report to save costs, but fro...
Chabu Nsokoshi
Due Diligence for Your first Land Investment
Hello BiggerPockets Nation, @Joshua Dorkin should address everyone on this site as part of "the BP nation". Like an elite national citizenship of it's own. Anyways, speaking of elites, I'd like to speak more to people...
Tim Kunz
Flipping in San Luis Obispo
Is anybody flipping houses in San Luis Obispo or any nearby towns? The reason I ask if I've recently received a job offer to work down there for a year or so and would rather do a live in flip or two instead of paying...
Nicole Walley
Looking for advice from seasoned investors
I have an opportunity to purchase a multi family property from my landlord. He has owned the property for 30 years. I went to him a few months ago just to get a feel for if he would be interested in selling to me. I t...
Viktoria Brown
New here - Las Vegas, Henderson investor
Hi,
I started investing in real estate without knowing anything about it. Then when I already had 3-4 properties, I realized that I am actually a real estate investor now, so better learn how to do it right.
I educat...
Rico S.
Why do others cringe at multi-family?
Good day and Happy Friday,My name is Rico and I am reluctant to say I am a newbie because I have done my homework and will continue to learn as education is a life long process. I know the path I want to take and I do...
Kristina Modares
East Side
I'm looking into investing in a property around $40-60K My plan is rehab (20-30K), rent, and hold. I've heard Dignowity Hill is a good area but apparently I won't be able to find a place for my budget. What other area...
Matt Holmer
Fannie DTI ratio with new rental income
Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...
David Lant
Newburgh, NY. Buy, sell or run for your life?
Has Newburgh, NY really turned the corner as a good real estate investment? Looking to branch out from Beacon, but I'm always getting conflicting reports in regards to the future on Newburgh. I do flip single family...