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25 February 2025 | 4 replies
Hey all,I have been listening to Bigger Pockets content for maybe 4 years and finally have removed myself from some side hustles, have the capital, and grew the...brains to start real estate investing.QUICK BIO:I am based in New Jersey, I work as a marketing/efficiency consultant, and have 2 avenues of real estate investing:Short-Term Rentals: I have 3 short-term rentals using my parents apts in NJ ( 1 of them just launched in Nov) for the past 2yrs near NYC (1 of them just launched in mid-Nov).
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19 February 2025 | 0 replies
So it was clean and ready for my move in.
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13 February 2025 | 1 reply
One of my goals is to go through my past tax returns, and figure the ROI my rental properties with taking into account the tax savings (I typically calculate the ROI on net cashflow at the end of the year)I have a W2 so I generally aim to maximize my pre-tax accounts - 401k, HSA, IRA to a backdoor Roth IRA, 529My "losses" would be passed forward since I don't qualify as a RE professional nor have active RE losses.
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17 February 2025 | 6 replies
I am willing to give up my profit in the deal to find a mentor.
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24 February 2025 | 9 replies
I have enough liability insurance for all my properties and I'm insured.
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14 February 2025 | 2 replies
I craved the freedom of being my own boss, and real estate was my chosen path.
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5 January 2025 | 24 replies
Their commercials seem higher quality than the no on prop 33 commercials (who have similar budgets but from much more sources).Hopefully voters educate on this and strike down this proposition for the third time.
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12 February 2025 | 4 replies
I have been on BP for a while but my profile is prompting me to do an intro.
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12 February 2025 | 19 replies
Follow up to my last post.
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9 January 2025 | 9 replies
you also need to source the property, and for BRRRR you need a goldilocks property - something that is distressed enough that you can buy substantially below market, but not so distressed that it's not worth fixing up.hope this helps - happy to help further