Colin Leach
Understanding the 1% rule
I have read posts and listened to the podcasts and they discuss the 1% rule which I understand is a rule of thumb. I see this small duplex (1 bed/1 bath each side) listed for 70k. It is rented out right now at $450 pe...
Joseph Scorese
The Impact to the NAR Settlement for Real Estate Investors
The recent settlement involving the National Association of Realtors (NAR) is set to have a significant impact on the real estate industry, including for real estate investors. Here's a breakdown of the key implicatio...
Luke DeLaVergne
Lending guidance for refinance
I’m having a difficult time finding a lender who will refinance my SFH in KY. Bought with cash, ARV $90k seeking to refi $60k. Credit score over 800. Some lenders offer ARM and Balloon loan options, but not fixed rate...
Sal H.
mixed use to residential conversion
I have a 3 unit. store front and 2 apartments above it in Jersey city. Does anyone know how expensive or difficult it would be to get the store front converted to residential? I assume I would need to get a nj green c...
Scott Armstrong
Selling my first house and carrying the mortgage
Hello,
I've done a lot of looking around and have read many different posts but have not seen anything that closely resembles my situation. I'll try and lay it all out but if I miss something please feel free to ask....
Andrea Tapp
Talking about contract terms when planning to assign the contract
How do you share information with your sellers when you are planning to assign a contract to another buyer? Do you disclose to your sellers that you are going to be selling the home immediately to another investor and...
Juan Pastrana
Cash Flow vs. 10 Year Outlook, Pennies vs Dollars
First Post! I've been trying to buy a home/deal in the Dallas area for the past 1.5 months. From analysis it has been difficult to be competitive in my offer because I'm going lower than others after accounting for th...
Chris Townley
A 4-plex and two Duplexes
I found a potential off-market deal, where a couple who recently retired has a 4-plex and two duplexes they're considering selling. They gave me an asking price for each, but they sound like they just pulled the numbe...
Ethan M.
Which utilities do landlords pay in North Carolina?
Researching investing in rental property in NC, Triangle area.I'm looking for a duplex. Maybe a triplex or quad.When I'm estimating costs, which utilities should I factor in?Electricity. Out here in CA, tenants usuall...
Matthew Mello
Foreclosed multi family as first property?
Began doing some heavy research on buying my first multi-family in southeastern MA / Providence RI area
I will be occupying one of the units and renting out the other units. I want something that needs a little work...