Gwen Harvey
Purchasing Primary Home vs Investment Properties
I am close to retirement age and after a divorce several years ago I want purchase another home. I also want to purchase investment properties to support my retirement. Which should I do first? Also when purchasing i...
Ed Goble
Catch 22 of No Down Payment for Investment
Here's the catch 22. My house (primary residence) is paid off. I have perfect credit. Regular investment mortgages would be easy to get..... if only I had a down payment, because they only cover 80% most of the ti...
Scott J.
Which Debts Should I Pay First?
There are a lot of brilliant minds on here and I'd love your advice.
My wife and I have been debating which debts to pay extra money towards. Pay the highest interest first? Pay the lowest balance first to free up t...
Josh Sobczak
Pull first house fund out of the stock market?
I was planning on purchasing my first house-hack this summer. Most of the down payment I have saved up is in mutual funds. However, the stock market is obviously plummeting because of COVID-19. In just a few months, ...
Gagan Johal
Get a loan with PMI or save the money?
Hello BPersI am about to close on the deal.Purchase price is $144000Either I do 15% down and pay PMI, save the cash or 20% down and no PMIDown payment difference is $7000 more for 5%PMI will be around $67. Mortgage wi...
Nathan Nunley
"When" to Renovate my own house
Hi BP Forum, My wife and I want to renovate our kitchen in a few years and I'm trying to plan how to pay for it. I think the easiest plan would be to take out a Home Equity Loan but then I'm going back into debt and ...
Boris Gabriel
Taking a loan for a surgery, so I can keep cash for down payment?
Hi BP Community! I want to start investing into rental properties... I worked hard and saved for many years and now I have $40,000 saved up (aside from my $15k emergency fund) to use as a down payment on a rental prop...
Aaron Daniel
Where to stash future investment savings?
Hello BP, I am saving money for my first investment property and would like to hear recommendations as to where this money should be stored until ready for use? I had the idea of saving the money in an ETF that tracks...
Dominic Scheck
How do you store your capital and reserves?
Hi, friends.Do you keep capital and reserves in a savings account? In mutual funds? Obviously reserves and capital need to be in a liquid vehicle, but do you really keep $10K, $50K, $100K+ in an account earning nearly...
Li Tolentino
Invest in Syndication with IRA vs Cash
I am trying to decide if to use self directed IRA or cash to invest in a syndication project. Is there any advantages such as tax savings, depreciation for using Cash? I understand that using IRA it could be subject t...