All Forum Posts by: Reece O.

Hello, I have never considered this, thank you for the tip!

Hello, As already said, you cannot deduct principal. You should look into getting an accountant with real estate in their background. This is only my opinion, but you may want to consider purchasing more assets instead of another liability. And example would be rentals over a more expensive personal home. This could eventually allow you to make the deductions I speculate you are trying to achieve.

Hello, Welcome to BP! I am also an investor from Northern Kentucky. It is great seeingg that you have realistic goals. Likewise, I wish you the best of luck with REI. If you have not checked it out already I highly recommend the BP podcast.

Hello, For business cards you may also check out Vista Print. That's where I purchased mine. It is also easy to find a coupon or sale for them by searching online.

Hello, If you are going to house hack I would look more toward multifamily instead of SFH. Good luck!

Hello, Never use your age as a reason to not be taken seriously. I'm 20, disabled and planning to purchase my second unit later this fall or early 2017. You will be taken as serious as your actions. As for college: decide if it is best for your time (length until graduation), your finances (loans and other) and your interests. The third one you really need to pay attention to. If you dislike ALL aspects of Business then REI is not going to be for you. Regardless of what you choose: work hard and you will have a better chance of success, degree or not. Keep in mind a degree doesn't guarantee success.

Hello Tim, Welcome to BP! I am also an investor from Northern Kentucky and currently live in Louisville while I am going to school. If you have any questions, feel free to message me or post here on the forums. This is a great and helpful community. Also, I highly recommend the podcast if you have not yet checked it out.

Hello, $28k @ $850 sounds great! Be sure to know the comps and location. Good luck!

Hello, At least in my area, that is how it is. I would change the lease; then if you feel the tenant is long term I would offer if you believe that is best. However, if you decided to not do so, I don't believe that's bad either.

Hello, Welcome to BP! I'm not located in Bowling Green; but I am in the same position as you with one rental and wanting to expand to multifamily. Good buck!