Okay so I have started recently becoming more financially literate and career driven and I am looking for some advice. I am currently a server making 35k a year about to get married within a household income of 70K an...
Hello Everyone,I am currently a real estate broker in PA and I am considering opening a brokerage in Ohio. Can someone please tell me the requirements to do this?I'm wondering if there is a fast-track option or if I w...
Question:Say, hypothetically, that you were starting from scratch and had $400k or $500k and wanted to start buying single family rental properties. Would you deploy the BRRR strategy? And how/when (if at all) would y...
Hello All,I'm executing a 1031 exchange in September. I am realizing $300,000 from the sale ($100,000 profit). I'm planning on purchasing new property for around $270,000. That will leave me with $30,000 in "boot" wh...
Hello BP,First of all, thanks for reading yet another introduction :-). Young adult here (soon to be an old adult in one year when I hit 30), who finally decided it was time to do something with his savings. I've been...
Hi,If I didn't have enough down payment to cover 20% of my mortgage, I obviously had to add mortgage insurance to my total loan. When I'm able to accumulate more savings, other than refinancing my mortgage and costin...
I wanted to post this because I don't think a very high percentage of investors are aware of an option they have to get a much lower interest rate when they buy or refinance investment properties. (We have been invest...
For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...
Hello, I'm not sure how to start this...i am very intrigued on owning a residential property/rental property i have not yet decided due to my current living situation i am a 26 year currently living rent free and curr...
Hey everyone,So my question is, what is the difference between a cash out refi and a traditional mortgage. Now, I know that a refi is when you pull cash from a property you already own and have equity in, and that a m...