All Forum Posts by: Steve Smith
Steve Smith has started 4 posts and replied 384 times.
Post: Using the 50% rule as a prerequisite
- Beverly Hills, FL
- Posts 388
- Votes 62
In my humble opinion I would find no problem asking for the info you need to analyze the property correctly. The job of the realtor is to sell the property for the owner that how he makes his money
Hope this answers your question
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Steve
Post: Using the 50% rule as a prerequisite
- Beverly Hills, FL
- Posts 388
- Votes 62
The 50 % Rule States: That 50% of gross scheduled income (GSI) goes out over time to cover expenses not including debt coverage.
The 1%, 2% and the 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal. Always, I repeat ALWAYS do a full and complete analysis on a deal and NEVER NEVER ever purchase a property just based on any of these so called Rules.
You may be very sorry that you did
Make it Happen
Steve
Post: New Member Intro
- Beverly Hills, FL
- Posts 388
- Votes 62
@Account Closed
Welcome to BiggerPockets, the site I consider to be Best for Real Estate on the web. You will find a lot of great information along with good and knowledgeable people that are willing to answer any of your questions.
Check out the“Learn tab above” and download a free copy of “The Ultimate Beginners Guide to Real Estate Investing”. You can listen and follow the “BiggerPockets and the #AskBP podcast, and the forum and blog. Be sure to sign up for the weekly webinar they contain plenty of information for both the new and experienced real estate investor
Before moving to Florida I lived in Revere and Kingston Mass
Make it Happen
Steve
Post: New Member Intro
- Beverly Hills, FL
- Posts 388
- Votes 62
Welcome to BiggerPockets, the site I consider to be Best for Real Estate on the web. You will find a lot of great information along with good and knowledgeable people that are willing to answer any of your questions.
Check out the“Learn tab above” and download a freecopy of “The Ultimate Beginners Guide to Real Estate Investing”. You can listen and follow the “BiggerPockets and the #AskBP podcast, and the forum and blog. Be sure to sign up for the weekly webinar they contain plenty of information for both the newand experienced real estate investor
Make it Happen
Steve
Post: In Texas. Ready to Dive In: 10 Year Timeline
- Beverly Hills, FL
- Posts 388
- Votes 62
Welcome to BiggerPockets, the site I consider to be Best for Real Estate on the web. You will find a lot of great information along with good and knowledgeable people that are willing to answer any of your questions.
As a new investor I would Check out the“Learn tab above” and download a free
copy of “The Ultimate Beginners Guide to Real Estate Investing”. You can listen and follow the “BiggerPockets and the #AskBP podcast, and the forum and blog. Be sure to sign up for the weekly webinar they contain plenty of information for both the new and experienced real estate investor
Make it Happen
Steve
Post: The 50% Rule
- Beverly Hills, FL
- Posts 388
- Votes 62
The 50 % Rule States: That 50% of gross scheduled income (GSI) goes out over time to cover expenses not including debt coverage.
The 1%, 2% and the 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal. Always, I repeat ALWAYS do a full and complete analysis on a deal and NEVER NEVER ever purchase a property just based on any of these so called Rules. You may be very sorry that you did
Make it Happen
Steve
Post: Hello everyone
- Beverly Hills, FL
- Posts 388
- Votes 62
Welcome to BiggerPockets, the site I consider to be Best for Real Estate on the web. You will find a lot of great information along with good and knowledgeable people that are willing to answer any of your questions.
As a new investor I would Check out the“Learn tab above” and download a free copy of “The Ultimate Beginners Guide to Real Estate Investing”. You can listen and follow the “BiggerPockets and the #AskBP podcast, and the forum and blog. Be sure to sign up for the weekly webinar they contain plenty of information for both the new and experienced real estate investor
Make it Happen
Steve
Post: New to the business. Attending a workshop to educate myself
- Beverly Hills, FL
- Posts 388
- Votes 62
If you are attending classes with a guru do your self a big favor "Leave you checkbook and credit cards at home
Welcome to BiggerPockets, the site I consider to be Best for Real Estate on the web. You will find a lot of great information along with good and knowledgeable people that are willing to answer any of your questions.
As a new investor I would Check out the“Learn tab above” and download a free copy of “The Ultimate Beginners Guide to Real Estate Investing”. You can listen and follow the “BiggerPockets and the #AskBP podcast, and the forum and blog. Be sure to sign up for the weekly webinar they contain plenty of information for both the new and experienced real estate investor
Make it Happen
Steve