We are in negotiations on a 16 unit. Purchase price will be somewhere around $600K. We primarily wholesale and should end up somewhere around $400K this year of income from our wholesaling business. We met with our ac...
So considering a major life move :). I'm new at this STVR biz (about 2 years) but feel I have a good handle on what it takes to make money in this space managing our 2 properties on our own. As we continue to build...
TL/DR Version: How do full-time employees in the greater NYC area invest (especially locally)? Or if not local, how do you go about investing out of the area?Hello BP! I am a complete newbie living in Nassau County...
Hi All,There seems to be 3 common approaches to financing rental properties:1- Buy in cash. Hold in cash. Debt is bad. 2- Buy with the absolute minimum necessary out of pocket for the longest possible term.3- Somewher...
So, I've been searching for how I get my current investments into a Solo 401k. After doing some digging I found that I cannot roll my current ROTH into a solo 401k. I believe I can roll it into a traditional IRA whi...
I'm under contract on a local house that I plan to turn into a legal duplex. It's 3/2 up and possibly 2/2 or 3/2 down. Deals are hard to come by in my market and this is at a good price and a good cash flow. The pr...
Hello all:I just finished rehabbing one side of a duplex and have two great tenant candidates.OPTION A: Will pay $1,250 and has no pets. 2 adults and 2 young kids. Great all around.OPTION B: Will pay $1,250 + $75/mo...
Apart from a changed name, this is a true post. The incident happened last Friday night. The write up is divided into three sections. The story, The Aftermath, and The Lessons.---Bang, Bang, BANG! It’s midnight, my w...
Hi, I'm new to BP but have been listening to the podcast and reading up quite a bit that past few years. I'm seeking advice and clarification on a potential 1031. The details are as follows: I bought and lived in a co...
Hello,I'm looking to get into my first investment and have started working with an agent that was recommended by a friend (non-investor.)This agent claims she has helped investors purchase properties here in Las Vegas...