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Hey guys!
Before I get into the question I think it's important to have some background:
Long story short, my wife and I sensually inherited a property from her father that is 100% paid off. Prior to this I have ne...
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Hello! I would like to ask for your advice on what strategy I should consider giving my situation and goal.<Situation>I have W2 and I can save $30k a year from my salary. I am a passive cashflow guy (so far).I l...
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What strategies do you use to identify profitable fix and flip opportunities and How do you secure funding for your fix and flip projects?
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Four of five years ago I created a vision board as I was following the advice of several motivational speakers and authors. On the vision board I included a cabin in the woods by a lake and a house in the mountains of...
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Hey Everyone!
I wanted to share a few strategies that have really worked for us when it comes to maximizing ROI on rental properties. These have been effective across both multifamily and single-family homes, and I t...
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Hey BP Community.I have been in the RE game for around 5 years and it's going really well.I own 5 properties that equal 9 units now that I rent out furnished and usually shorter term (1-4 months).I manage the places m...
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Hi BP - Hoping for some guidance here. I have 1 cash flowing rental property (FHA mtge as I used to live there) and I'm currently leasing the place where I live now. In the next few months, I'm hoping to buy and mo...
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I’ve been teaching people this for over 20 years. Here’s the answer. You should save your money in this order to maximize your savings…. 1. Leverage2. RRSP3. TFSA4. Non-registeredOf course it depends on your unique ...
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Hi BP Community,My wife and I recently bought a home in Orlando, FL. We used conventional, 3% down payment loan. For that reason, we need to pay PMI. We wish to remove PMI as quickly as possible and would like to c...
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Hi BP community,
I just surpassed the 1 year mark as a landlord and I'm currently thinking about my tax implications for 2021. Last year was easy to claim a loss and maximize my tax benefits because I only collected...