29 January 2019 | 66 replies
Sorry, Steve, I feel like I've let you (and Dave) down ;) AND we have a HELOC on our personal (free and clear) residence that we are currently using to help fund a flip with another BP investor.We'll always adhere to Dave's principle's in our personal finances (no consumer debt, 3-6 month emergency fund, etc.), but the RE bug has bitten us pretty hard and we would like to 10X our growth ( @Mark Freeman - I loved Grant's podcast and I'm about halfway through reading the 10X Rule right now).Personally, I love Dave's common sense approach, but when it comes to RE investing I finally had to come to grips with the fact that to really grow and expand to the point that we want to, we have to use leverage.
13 November 2015 | 12 replies
I would say just put a message on the hotline that says that non-emergency issues need to be submitted in writing.
25 November 2015 | 54 replies
And because we want to begin investing in real estate I'd like to have a minimum of 9-12 months worth of personal monthly expenses saved in an emergency fund.
16 December 2015 | 5 replies
it's good to keep in mind that different kinds of maintenance such as emergency repairs, code compliance repairs and preventative maintenance repairs might require different approaches.
15 April 2016 | 6 replies
If they complain about it or it's an emergency like a plumbing problem or roof leak then I'd do something.
25 March 2016 | 20 replies
Also worth checking out is Emerging Real Estate Markets by Dave.More expensive and more of a course but truly excellent is The Dealmakers Guide by Ray Alcorn.
6 March 2016 | 8 replies
And thus I found my way to REI and BP.I'm still wanting to build up my emergency reserves, but I feel like there might be some good opportunities emerging soon in OKC.
23 April 2018 | 10 replies
Emergency action is needed NOW!!!
1 April 2016 | 10 replies
With that said, this isn't bad, I would do it.Build up good reserves and have a good emergency fund for yourself.
8 April 2016 | 13 replies
As longs as the rental properties are cash flowing every month it will cancel out the PITI, don't forget vacancies, maintenance, & emergency fund for each property.