
14 November 2024 | 40 replies
Social media makes it look like everyone is an expert, but we all know that is false.

16 November 2024 | 12 replies
And a little skepticism that the market would continue to grow at 5% or more on average (it's been ~7% average for the 8 years I've lived here)@Dave Foster I filled out the BP spreadsheet here for the sell or rent decision, and similar to you advice, selling and investing the profits in index funds performs only slightly below being a DIY landlord, making that seem an attractive option.

15 November 2024 | 13 replies
While I'm not a STR expert or an attorney, I would recommend to all investors to take their properties out of their personal name and put in an LLC to reduce your personal liability.

14 November 2024 | 25 replies
You’re chasing the wrong people.You can’t just use a checklist like “tall grass” and assume that means someone is motivated.The sensible solution to foreclosure is indeed to sell, but the emotional response for someone in foreclosure is to find a way to keep their house, not sell it.And what are all the "experts" teaching?

19 November 2024 | 21 replies
I plan to continue to work with them as they have been very instrumental in helping me map out my investment goals and strategy.

18 November 2024 | 35 replies
I'm not an expert yet, but I initially thought that I probabbly should have included in the lease that the tenant would be responsible for maintenance for those appliances.

15 November 2024 | 5 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.
15 November 2024 | 14 replies
Keep diversifying your income with side hustles, and continue learning through books like "The Millionaire Real Estate Investor" by Gary Keller and "Rich Dad Poor Dad" by Robert Kiyosaki.By the time you're earning more, you'll be ready to dive into real estate, leveraging your higher income and knowledge to scale quickly.Let me know if you need advice on financing when you're ready!

13 November 2024 | 66 replies
I'm having trouble finding any real solid information, experts, or sources on the subject, so I figured I would reach out to the BP community.