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...
What strategies do you use to identify profitable fix and flip opportunities and How do you secure funding for your fix and flip projects?
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...
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...
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...
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...
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 ...
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...
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...
The BRRRR method, which stands for Buy, Rehab, Rent, Refinance, Repeat, has become popular among real estate investors because it offers a systematic approach to building a real estate portfolio while maximizing retur...