Phillip R.
Should I Reduce 401K Contributions to Save for Real Estate Investment Property?
I'm married, age 29, and make less than six figures. My wife stays home with our two kids. This year and last year we maxed out my 401K ($17,500 annually) and both our ROTH IRAs ($11,000 annually). This has allow...
Eric Anderson
Subject-to property purchase
Hello all! It's a long read and I appreciate your feedback. I'm looking at doing a subject-to transaction, me, as the buyer. I've got a verbal agreement for these terms: purchase property for $230,000, 0% down, 20...
Account Closed
Considerations when rehabbing a rental
Recently I was reading something that suggested putting in crown molding and finer touches to a rental property. The purpose to attract quality tenants. The idea on the surface sounds good, we all want to attract qu...
Melissa S.
first eviction
Hello All,
Im in the process of trying to get squatters off my property. We've gone to court and have an offical move out day.
This process have been so stressful!!
Anyone else other there in BP land feel lik...
Ramiro Rodriguez
Low Credit Score Applicants
In the screening process of prospective tenants and iv come across a family who has low credit scores but make above 3xs rental income. Previous landlords have all come back and said they have never missed any payment...
Elenis Camargo
How to reply to tenant if you don’t want to fix certain things?
Hi BP! We just got new tenants that moved in. They are two college students but the mother is a co-signer. She was not there during the initial walkthrough because she’s from out of state but she sent a list of things...
CJ M.
Ever ok to pay market value for a property?
These numbers are hypothetical but not too far off from what I see in the midwest. Do successful investors ever pay market value if the numbers still work for them in rare instances (and it was a buy and hold SFR)? Ma...
Pete Sailhamer
Using Investors to Replace your Apartment Down Payment?
I've been investing in 1-4 unit investment buildings (buy and hold) and recently have begun to look into apartment complexes. After reading a lot about creative ways to fund the down payment by partnering with privat...
Seth Thompson
Does percentage still matter if the profit is high enough?
So I met with someone the other day, and we got to talking about deals. He had been doing this for quite a while, but was super cocky and kind of demeaning. I showed him a deal that me and my company had worked on a w...
Jason Powell
Ever Done Cost Segregation?
Has anyone ever done a cost segregation without the use of a firm that charges a lot for it? I have a buddy that's doing it himself and providing an excel sheet to a legitimate accountant. Any pros and cons to this?My...