Brent Mattison
IRA to fund LLC
I have been contemplating using money from my IRA to fund an LLC and get started in multi family. I know I'll be taxed and pay penalty for early withdrawal, But I feel I can make up that money plus more with REI. I ju...
Josh Lawson
Pay Down Rentals or Pay off Home or ... ?
I've got some extra cash and wondering what the community thinks I should do with it? I have a couple of rental properties that I can put a sizable dent into. It wouldn't pay them off, but it would help with some cash...
Stuart Gardner
What Value do we Add?
What Value do we Add?I pose this question, because, with real estate being one of the few wealth building vehicles, I find myself asking, "Am I the only one that benefits from it?" For in every business, all of the s...
Mayank Saxena
House Hacking in LA - do my numbers & ideas add up?
Hi my fellow BP community!
I originally joined BP, thinking that my strategy would be to invest in out-of-state MFU for cash flow (i.e. Ohio market) as entry-level in my market of Los Angeles was too unattainable w...
Juan Salazar
The $1.25 Million question - Seriously blessed but scarred
Ok. I would say a little planning and LOTS of luck allowed me to invest in Austin between 2006 and 2011. I am in the process of selling my 1 remaining lots and 1 SFR and will net a little over $1.25M in cash. I feel v...
Jered Sturm
The True “Get Rich Quick” Scheme: How Being Broke breed success.
A year and a half ago I wrote the following post. I had so many people contact me and thank me for writing it over the past year or so that I wanted to go back through, update it and republish it to share, help, and i...
Jered Sturm
At Age 26, I’m on the Brink of Financial Freedom: Here’s How
I wrote this on the BP blog a couple weeks ago and after several have thanked me posting the article I thought I would add it to the forums to share with those that had not had a chance to read it. In this post, I wil...
Katrina Cabral
HELP!! Property management and tenants from hell in GA!! Evict!!
I need urgent help. I signed up with a new property management and they evicted the old tenant. They have been doing sketchy things ever since. The only listed the property for about a week before taking the listing d...
Ernesto Hernandez
Saving You Time #2: Dave Ramsey’s Total Money Makeover Cliffnotes
Again, not super cleaned up. Copied and Pasted off of my notes on my iPad. Enjoy!Dave Ramsey Money Makeover Chapter 1: Total Money ChallengeChapter 2 DenialFrog in Warming Water example - If a frog jumps into a BOILIN...
Thea Linkfield
Switch Property to LLC for tax purposes?
Hi all! I have a property I bought through the Duval County Foreclosure website with cash. I am working with 2 people on fixing it up and flipping it. The property is in my name. We are going to split the profit evenl...