This house barely cash flows. I worry about it being near the peak especially in LV due to the looming recession. With 85k involved in closing, it isn't an ideal time to buy if the market turns against me and I can bu...
Good morning all. The last few months have been rather frustrating, and I'm hoping to get some advice from others who may have had similar experiences.
I got my RE Agent License almost a year ago. Very quickly, I...
I love the forums and the podcasts, but one constant I see is that people are looking to add more properties or refinance properties for cash to buy more properties etc.Why don't more people start snowballing down the...
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
I have 15 rentals in Colorado that I have bought over the last five years. Most of the houses I purchased from $80k to $130k, made repairs and rented for $1,200 to $1,600 a month. I looked at my last couple of purchas...
Years ago I learned that when everyone is headed in a direction that you need to pay close attention to what is going on to avoid pitfalls. When my chiropractor started telling me that he was going to buy two rentals ...
So here's my challenge. I want to start investing in RE but my wife isn't so thrilled. She says I can have $10K to start out with. If I can make some money using that she says I can have more. (Guess who pays the ...
What's your financial freedom #? How do you plan to get there? And how far are you now?To clarify, this is based purely on passive cash flow. Meaning, how much money comes to your mailbox each month without having to ...
After my most recent post on Realtor.com projecting Stockton to be the #4 metro market in the nation in 2018, I've received the same question over and over and over again:"But WHY Stockton? What's so great about it? A...
Every single time I'm in any grocery store, walking the street, or anywhere in a posh neighborhood, esp. the Bay Area, I think: * "Golly, gosh, gee, how do these people afford these wonderful homes?"* "What do I have ...