Towards end of 2016, I set a goal for 2017 to save $50K for real estate investing so I took a part time job + selling on ebay... really worked hard, but only reached half my goal because of my other financial responsibilities.

Hello,I have a newly-purchased residential rental property, and I'm just now setting up my financial tracking for it.What's the correct number to use as the original cost basis, for depreciation purposes?

Offering 300k on a 390k house is not going to make them feel like we have a "win-win" scenario here. 360-365k allows me to offer them a price they'd walk away with if listing with an agent after commissions, and still gives me some initial equity in the property.Again, in a lease-purchase, I am in no obligation to purchase the property, it is an option.

You can do that by continuously evaluating your strategies and finding the “best one” for the current market conditions as well as having a diversified portfolio.Ultimately, it’s about financial freedom.

Cancer with our daughter-in-law and 2 pets slammed us financially.  

While my grandparents did well with real estate investing and I thought I may be able to get a few dollars in cash flow from one or two townhouses, but I never had the dream of true financial freedom until I listened to the Bigger Pockets podcast. 

I just recently found this site a few weeks ago and have really enjoyed the great info BP provides and community of like-minded individuals helping each other reach their financial goals.  

I've reached out to the broker and let them know that in the future I am to be contacted prior to any financial decisions/ price increases.

You are taking your money and efforts to cover her debt and releasing her from her financial responsibilities.

It has truly changed my life and put me on the road to financial independence.