I realized in February of 2011 that my ladder was leaning against the wrong financial building. Sooooo, I started to use my savings, refinancing my personal home, and taking out my IRA’s and 401K money through the cou...
Hello! As some of you know, I’m brand new to BP and loving it! In the short month that I’ve been listening, It’s completely opened my eyes to a new way of thinking about real estate and money, while forcing me to re...
Need some guidance on this one as this is a first for me. Here is the situation....We purchased a condo on Jan 16th. We found tenants and they have signed a 12 month lease. They were scheduled to move in yesterday ...
I have $400,000 to invest for my mother. She is older and would like to have an opportunity to have higher returns on her money at this point in her life. We were initially looking to flip homes, which would potential...
I will preface this by saying this is 100% a self inflicted wound that in all honesty did know know was happening. I am an investor with two other "good old boys" who still believe in handshakes and verbal agreements....
Hello BPers,This is sort of a case study and a call for help. In the beginning of 2017 I had been befriended by a gentleman by the name of Matthew Kadash. Owner/president of BMRE Holdings. We had been talking because...
Hi All,
I am researching buying rental property w/ a SDIRA. And after talking to a SDIRA custodian, she schooled me on non-recourse loans and the taxes associated w/ purchasing leveraged property.
So I am wondering...
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
Hello everyone!As the equity market gets more and more unpredictable i'm looking at putting money in real estate rental properties. This will be my first deal and venture into real estate. As i am living in NYC curren...