Ken P.
Reflections on the first year as a MF owner
We’ve just passed the one year ownership mark, so I wanted to use this milestone occasion to update the BP community on our progress with the 18-unit package of condos that we purchased from a retiring landlord.First,...
Supada L.
Expensive repair on rental. Should I do it?
Hello,
I have an out-of-state rental that I've relied on the property management to take care of it. I have owned the property for about a year and there has been minor fixes that already turned my first year cashflo...
Bryan Hancock
The Millionaire Next Door
There have been some threads recently talking about working hard, spending less than you earn, etc. so I thought that there would be a thread on the subject book. I couldn't find one so I thought it would be a good i...
Amit Kal
I lost my job too! Is my portfolio big enough to take the leap?
Pardon me in advance that this is a bit long-winded, but you can get a "too long; didn't read" summary down at the bottom.
So I've been working 18 years now. All of those years were in fairly well jobs, but it is he...
Charlotte Dunford
Broker playing mind game with me?
Have you ever been under contract, and doing your due diligence, and you find a bunch of problems. You ask for a concession, but the seller's broker keeps telling you that they don't really care if you back out becaus...
Emmanuel Ola
Undisclosed Code Violations and Unexpected Fees : Can I Hold Seller Accountable?
I recently purchased a property and discovered a series of issues regarding municipal code violations that the seller did not disclose. Here’s a detailed account of the situation:
The owner received the first notice ...
Zachary Giles
Should I get out of debt before investing?
My wife and I are split 50/50 on wether or not to pay off all our existing debt such as student loans and auto payments before we take on more debt to invest into real estate, or we begin saving to buy our first renta...
William Coet
Multifamily Prices so High that Only Cash Makes Sense, But Why Not Put Cash in CDs?
I don't have the cash, but other buyers do. I still would like to understand why they are paying the prices they are when they could put the cash in a CD and earn interest worry (and work) free.
I'm referring to mul...
James Park
What does the top ten % of the top 1% net worth look like?
% Networth Estimated 5% passive income (Annual basis)99.90 % $30,644,280.00 $1,532,21499.50 % $11,898,128.00 $594,90699.00 % $...
Reginald Collier
Newbie needs direction!
Hey Guys/Gals. I Live in South Jersey BUT i'm interested in attaining Rental Properties in DE or PA. Wondering what's first? Do I need an LLC, Tax Guy, Lawyer, RE agent, Financing, Mentor, property manager, contra...