Account Closed
Tax Savings as a High-Earning Dual Income W2 Family ($300k / yr)
“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?
My wife and I are fortunate enough to have two W2 jobs making ~$150k /...
Joseph Delarosa
Get a RE license? To do or not to do. That is the question.
Hey BP crew,I am new to REI and I have 9 months before I move from Europe back to the U.S. In that time I believe I can earn a RE license. It may seems like an easy question to answer for you, but is it helpful/neces...
Teaching your kids about money is one of the most CRUCIAL parts of parenting. So why do so many Americans completely neglect financial literacy for kids? Is it too awkward of a subject? Do parents feel like they don’t...
Personal finance doesn’t have to be complicated. Saving, investing, and retiring early shouldn’t be a stumbling path to wealth, but many Americans feel this way. So, to clear up some of the money misconceptions, we’re...
Kyle Wilkins
Savings Amount for 1st Buy & Hold
Hello,I have been working to get some personal items paid off before jumping into my real estate investing career and as this payoff is nearing completion I am getting ready to begin saving for my first rental propert...
Matt Ferch
Kyle R.
Tax Savings ROI Through Net Loss
Hi BP
I am running through some scenarios for a first rental property which will be out of state using a PM.
The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...
Jake Davis
Quitting and becoming a full time Realtor?
Without taking COVID-19 into account, what things would you recommend a new real estate agent to do if they were looking to quit their current full time job to purse real estate. I have my license but have yet to hang...
Jose Corbera
Why are mortgages so expensive?
Hi All,I'm about to purchase my first home with the intent to rent it out in due time. The cost of the home is 225k with 3.5% down. My monthly principal and interest is 1054.72, but when including hoa fees and the oth...
Nilusha Jayasinghe
Property reserves and personal efund locations
Hey all, I'm a smalltime investor currently living in a flat of a Chicago 2-flat while renting the other out, and also have a SFH rental in OH. I'm not looking to scale anytime soon. I have my personal emergency fund ...