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10 January 2018 | 21 replies
Our cash position could be better, but we're actively changing spending habits and focusing on cash flow in 2018.GoalsOverall: Earn financial freedom through real estate investments, be able to retire in 25 years (but still work because we want to)Buy our first investment property in the next 12 monthsWhat we're doingListening to BP podcastsReading books from BP, as well as generalized books like Rich Dad, Poor DadStrict budgetingImproving cash flow (refinancing our current home for lower payments, not being too aggressive with paying down debt, etc)Looking out for events in our area to network and educate ourselves (no luck yet...)Ideas/PlansGet a real estate license for both educational purchases and so we can manage our own transactionsPartner with likeminded friends on our first property to get the ball rolling; each couple saving up $30k+ in the next 12 monthsFocus on small single family / multi-family rental homesKeep our day jobs, real estate would be our side jobWhat do you wish others told you when you first started?
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22 January 2018 | 6 replies
(But I probably will--but I will do the asbestos inspection as part of due diligence, and make sure that the numbers work with the asbestos abatement before we close--I just can't make it a habit of letting those numbers surprise me.
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7 February 2018 | 5 replies
I have a rental available and was contacted by a New Jersey (NJ) organization called Bridgeway Community Partners in Mental Health aka Bridgeway Rehabilitation Services.It sounds like they send out their own inspector to ensure habitability of the property and then they pay for security deposit and monthly rent until tenant gets on their feet.
27 April 2014 | 25 replies
Here is an article I've saved which can contribute to this questions. 7 Habits of the Ultra Wealthy
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16 June 2014 | 51 replies
(Of course within reason and without causing harm to others ) With regard to landlording and collecting rent I will think twice before meeting with tenants.
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29 May 2014 | 24 replies
Why would it even be a question to potentially harm and overdraw a good tenant?
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19 June 2014 | 26 replies
The security deposit has nothing to do with her claim that your negligence caused her son harm.
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3 June 2013 | 17 replies
Don't make a habit of taking notes for option consideration because the likelihood of collecting is as likely as the federal govt operating at a surplus5) Not sure what you mean by the "5% rule"
2 May 2015 | 16 replies
Lastly, they have more guidelines to determine what is "habitable" conditions.
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24 June 2013 | 40 replies
As listeners of the BiggerPockets Podcast, featuring yours truly and Brandon Turner, we'd love to learn a little about your listening habits.1 - When do you typically listen to the BiggerPockets podcast?