As I understand the 70% rule, an example would be: If I buy a house for $60,000 cash and spend $10,000 in repairs, holding costs, closing etc., then it needs to sell for at least $100,000 to follow the 70% rule.
Howe...

Hello everyone,I have heard reference to the 1%+ rule on a few different occasions. Can someone explain what this rule is and how it works?Thanks much,Ryan

I'm reading a free book on REI from http://iloverealestate.tv/ in which the author talks about a rule she made up called the Rule of Two. In this, you divide the purchase price by 1,000 and multiple that by 2 in order...

Does the same rules you need to apply to learn how to wholesale commercial property apply to residential property?

Hi BP fellows! I’m a somewhat new rental investor in the US (I’m a homeowner in my home country and an airbnb host there, but the experience feels very different). I have already started doing the math for evaluating ...

Hello BP, so these past few days i still cannot find any good accountant. There isn't any good RE club in the country i wanted to invest and by asking my negotiators, hardly any of them know any professional. Any idea...

Hi Family! I need to figure out the best approach for a FHA 203k loan since I am purchasing my first fixer upper. Does anyone here have suggestions of companies/banks to do this through or even have a referral or conn...

So, Monsieur Morneau has announced changes to private corporations and to the capital gains tax - but no real details. http://www.cbc.ca/news/politics/morneau-tax-change... I'm assuming this will effect a lot of us he...

Here's the quick way I've done things...please feel free to shoot holes in my quick, non formal calculator for investment property.I put down 20-25% down.  If the property is a 3 family and the rents of 2 units cover ...

I have an opportunity to purchase a house that just needs some flooring, paint, and appliances to finish it up. It’s been more than 2 years since I owned a home. I may pull some money from IRA using the first time hom...