All Forum Posts by: Rachel N.

I've had the same issues trying to tag people with my iPhone. Works on the PC but not iPhone.

There was an article somewhere on BP where erentpayment was recommended, so I went with them, and so far they seem great. Here's a link to the original article, with a breakdown of different services: https://www.biggerpockets.com/rei/pay-rent-online-payment-tools/

Hi Marielle, I spent the summer in Barcelona for work and will be going back in the near future, so I had the idea to invest in property there, but I found that like some of the other posters said, for the areas that were even slightly desirable, costs were 150,000 Euros and higher for places as small as 50m2-- and those were the ones that needed a lot of work. Also, Barcelona has outlawed short term rentals from Air BnB in order to control issues they've been having with tons of tourists, and they've been fining people for renting without permits: https://www.theguardian.com/travel/2017/aug/11/barcelona-spain-anti-tourism-protest-segway-ban I believe renting your place out for longer than 31 days is possible, and there are property management companies that could help with that, but I just couldn't find anything in the area I wanted to be in that was less than 200,000 Euros. The "golden investor visa" is for those who buy places costing more than 500,000 Euros. However, other areas of Spain might be easier. Maybe the Costa del Sol?

@Charles A., I'm also interested in how you know you're leveraging while still being conservative and protecting yourself from too much debt. My goal is buy-and-hold, and I've got one modest SFR owned and rented out with no debt and another deal in process, half-funded by a HELOC from my primary residence. But until I recently discovered BP and started binge reading the forums and blog posts, I didn't know about concepts like "dead equity" or that I might be moving at a snail's pace, and I see a lot of people on here who seem to be comfortable scaling up really quickly (more power to them!). Do you pay off some of the mortgages and then refinance? Are there any that you pay off and then leave alone so you are just collecting rent while keeping equity for a rainy day? How much cash do you keep safely on hand to deal with expenses in each rental, before going into another deal? Again, I'm inspired by this post but can't quite wrap my head around financing, so I hope your next post will answer some of these questions!

Hi Charles, this is great information! Especially from the perspective of a fellow Floridian who is pretty new to this game. I look forward to reading your follow up post that you mentioned at the end.