Is simply applying the 50% rule running the numbers? In other words, can I simply calculate what my P&I will be and as long as it's 50% or less of the expected rent, then the deal has potential? Can this replace...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Chattanooga.
Purchase price: $4,120,000
Cash invested: $50,000
Sale price: $6,850,000
Multi-Family investment funded wi...
I have read several articles here about the benefits of scorp vs llc and I'm going to work towards a series llc to hold the properties in 2021. In early 2020, I started a multi-member LLC (2 members) and elected scorp...
Good morning BiggerPockets! I find myself needing some direction. Ive focused on Self Storage and MFH over the last year or so. So to my surprise, when one of my letters was responded too for the sale of a MHP instead...
Hi Bigger Pockets! Hopefully a quick and easy question; Are commercial tenants responsible for fixing bad ballasts in the florescent light fixtures in their suites, or is that the job of the landlord? The only lines...
Hey everyone! So I kind of know the basics of real estate, but a little background about myself is that i just turned 21 years old, I live in New York, and I have about 50k saved up and I want to get into real estate,...
So my tenants informed me that they are closing on a new home on February 17 and would like to have an early termination starting March 1 if I can find new tenants. Their lease runs until July 31. They've been grea...
Since my first deal fell through b/c the seller caved and told me he was taking his property off the market when I questioned him with a few things brought up by you guys, I'm now a firm believer in most of the advice...
This was my first property in Baytown, TX which I bought using funds in SD-IRA and took a non-recourse loan on it as well. Its rented out for $1400 (lease was renewed for another year in March), professionally managed...
I've recently started placing offers and actively looking for properties to flip or wholesale. I am a relative newbie to real estate (aside from the several homes I've owned), but am partnering with my father, who liv...