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6 December 2024 | 27 replies
If you’re able to save another $20K within 6-12 months, waiting could open up more opportunities and give you more flexibility in your investment choices.If I were young, had $23K, and believed I could rebuild that savings account, I’d seriously consider making the jump.
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5 December 2024 | 5 replies
I'm in the process of completing my first BRRRR and though I know the money is sitting there in equity, it's hard to watch the money leave my account!
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3 December 2024 | 29 replies
There is a tiny little link under "Account Details" that links to a more informative web page.
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4 December 2024 | 9 replies
Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!
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7 December 2024 | 5 replies
When we did it, we did score some great deals, but what we found was that we were visiting so many properties to understand our "strike price" (the maximimum we would pay for the property when taking into account rehab costs, hold times, interest on any debt, closing costs, real estate commissions, a contingency reserve for "unexpecteds", etc) that the math started to not make as much sense.
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5 December 2024 | 6 replies
Bank accounts, stocks, all assets.
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7 December 2024 | 15 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
4 December 2024 | 4 replies
My guess is that it won’t actually take you a lot more time, just the extra fees, but those should be accounted for in your profit calculations
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3 December 2024 | 1 reply
📅In this session, we'll cover everything you need to know about preparing your retirement accounts for 2025, including:✅ Contribution Limits✅ Fair Market Valuations (FMVs)✅ Required Minimum Distributions (RMDs)✅ Key Deadlines to RememberMake sure your IRA is in top shape for the new year!
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11 December 2024 | 68 replies
In the meantime watch the BP podcasts and use the BP calculator to start analyzing deals so you get comfortable with the numbers.By this time next year I would say if you do this you'll have 10k in a bank account with an ok credit which should make you eligible for an FHA loan to buy (1-4 Units) with 3.5% down and get you started.