Jeff G.
Is REI just an investment, or can it suffice as a job?
My job of 25+ years is winding down due to sweeping changes in the market I work. It's a long story; the job isn't ending cold turkey, just slowing way down such that I need supplemental income. I suspect there's a go...
Seth Quantz
Current home into potential rental?
I bought my first rental property in October! It is a duplex and thanks to biggerpockets.com I learned about cash flow and found the deal and closed on it. Now I am planning on saving up for my next property but plan ...
Chris Willson
Question on future rental income on mortgage application
Hi Everyone,I am thinking of purchasing my first home and have a question about mortgage applications. I have excellent credit (>800), however no history of a mortgage. I had a loan out on a car that was paid off i...
Celso Agustìn Solano Pachón
Sell price in function of rent price.
The Price-to-Rent ratio in the city of Baltimore-Maryland is 13,69. With that number in mind, I am wondering if it will be feasible to do the following.1. Buy a house for $400.000 near a university. I have seen some ...
Brian Plajer
Determining Purchase Price
Hello, I'm looking at an apartment building that recently hit the market. The calculated purchase price based on actual numbers is significantly less than the calculated purchase price based on the proforma (best case...
Nick C.
Tap my IRA for RE Investment?
Should I pull out a portion of my IRA balance to purchase RE? I have $200K, but can withdraw about 45K without penalty (what I'm told by my advisor). He advises against it. However, I think I can grow this substantial...
Mario Morales
Heloc, why is it better if you have to eventually refi to pay it back, in some cases.
For the purpose of buying properties, is it pretty common to take out a HELOC for 100K or so, and pay it back within 10 years, without a cash out refi? I mean, if the most common path towards HELOC repayment is refina...
Michael Cavitolo
What would you do with 50k?
Hey All, I have $50k currently at the moment, and will have an additional $65k by January. ($115k if I decide not to spend that $50k right now) I would like to turn into passive income from buy and holds or possibly t...
Dasha Taylor
Is it possible to purchase a property at 19 with a small income history?
Hi everyone! I'm 17 and I will turn 18 next April. My goal is to buy my first property when I'm 19 that I'm going to house hack. I have $14k saved up right now and I have my own business, from which I earn about $1-2k...
Daniel Barkov
Financial advice on the beginner's life situation
Hi, first of all, thanks BiggerPockets for creating such a nice platform. It's been amazing so far! I'll try to keep it short, but I need someone's experienced advice. I live in Spartanburg, SC, and been thinking abou...