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6 January 2025 | 28 replies
When you pay cash for a $400,000 home and rent it out, your rate of return will likely be less than 6%.You could invest in stocks and earn 7% or better.You could put the money in a high-interest savings account and earn up to 5%.I don't understand why anyone would pay cash for real estate, erasing many benefits that increase the rate of return, while exposing themselves to the risk of loss (turnover costs, bad tenants, capex, etc.).
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4 January 2025 | 20 replies
The designer talked about has a completely different account then the designers I usually recommend, and I would have had red flags to begin with.
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3 January 2025 | 5 replies
Set up a contracts account at both Lowes and HD.
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7 February 2025 | 49 replies
🧐🤓The account looks super sus.
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11 January 2025 | 15 replies
there are ways to get around the highest and you also need to take into account the savings you will generally have on the purchase side when compared to other regions.
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7 January 2025 | 13 replies
This frustrating because she claims that she reserves the right to ignore me because she is working.We use zelle for payment and it happens to be her sister's account.
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7 January 2025 | 2 replies
Remember to account for potential surprises.
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13 February 2025 | 95 replies
What I saw was a bank account with over 6 figures and a new check from fortune builders for over 40k.
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10 January 2025 | 67 replies
While you are figuring it out and/or deploying it over time, US Treasuries and certain CDs are paying 5%...and 4% for certain online savings accounts.
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2 January 2025 | 6 replies
@Megan HerringtonBigger Pockets is a great place to find a real estate tax accountant.