Vaibhav Pandey
Considering Out of State Investing in St. Louis MO
22 February 2024 | 14 replies
you're not going to get rich quicker than that by buying random properties out of state.
Nirmaldeep Brar
How do you plan for ground up construction
20 February 2024 | 2 replies
B buy a building with your credit, get a mixed use approved. don't improve 7000 sq ft as a tenant. all the rich guys are owning real estate. negotiate with yourself market rent and multiple tenants. occupy less than 25%. look at land. don't do this. 7300 sq ft is crazy to build out for a dental practice. get a few other dentists to split the cost with you and do a sale leaseback, you can probably sell the building and roll the business up to a private reit attach real estate to it.
Aidan Alexandre
Where To Flip and How to Comp
20 February 2024 | 4 replies
For data richness and convenience, I recommend Propstream for $100/mo.
Daniel K Houck
Does the BP podcast have anything for the truly average American?
22 February 2024 | 21 replies
If you don't have the "dough" you don't have the "go".Based on what you are saying you will need 20% down payment for a rental + closing costs + operating reserves (in cash).Most people will not have this--some will do what they need to do to get it--some will not, some can not.A good first step might be to save up as much as you can for a year in a special savings account--by living frugally for 12 months.Then explore down payment assistance programs in your area for first time home buyers of a primary residence--if you qualify (and the home is in a good area for your 'Family" vs Gunshot Alley, then buy a home for yourself and your family.Getting on the track of being a homeowner will give you some additional strength, after a few years of ownership, re-asses your situation.Or work 2 jobs and save the 20% down, closing costs and operating capital you will need, but if you do that and your wife divorces you for it, then you will be in a worse situation than you are now.In the mean time, [1] read Rich Dad Poor Dad, and [2] have fun with your family doing things together (while you have the time), rent a boat for an afternoon, go on a pic-nick, hike in the woods, etc...
Account Closed
How I Find & Buy Properties “Off Market” – It’s Made Me Rich
19 February 2024 | 4 replies
I’m sure others have posted on this but I couldn’t find anything.
Why would someone sell their property to me instead of using the MLS. And why do I make so much money helping them out? I've bought every kind and it ...
Ryan Dao
International Tenant Ghosting Me
20 February 2024 | 4 replies
The point about the lease being insurance is a good point - penny rich dollar poor.
Phil Sharp
Buy-and-hold philosophies: Cash flow vs Appreciation
21 February 2024 | 94 replies
I know so many people that are equity rich and cash poor.
Kenneth McKeown
Broke Teacher to Successful REI - My $5M Portfolio Story
19 February 2024 | 5 replies
He said two things - Rich Dad Poor Dad & BiggerPockets.
Shawn Blake
Airbnb Arbitrage in California
18 February 2024 | 15 replies
Numerous books, articles, seminars, etc have come out touting the riches to be enjoyed in the STR business to the point that competition has become fierce6.