Robyn Coady
If you had a million dollars cash what would you do?
I find myself in an interesting position. I'm a total newbie with access to a million dollars. I know it sounds ...well, actually I have no idea how it sounds. A million dollars might sound like an outlandish sum of m...
Phil T.
Should I pay off my mortgage or buy rentals?
I'll try to make this as short as possible, but I've got a question I can use some help with. I've got an extra $900/mo or so right now that I'm saving to buy my first rental. My plan was to "snowball" the profit fro...
Jamie K.
Sell my new rental for a 30k profit or keep renting??
Hello BP community! I'm almost a year into my REI journey and I currently have two sf houses. I originally paid 131k for my first property in Joliet,IL which casflows $300 per month after all expenses paid. The dilemm...
Matthew Stover
Help me understand this deal and 50%, 2% rule
I hope I'm doing this correctly. Thank you in advance.
3-unit apartment complex
Asking Price = $119,500 (I easily understand that this is way too high)
Total Monthly Rents = $1,235
Using the 2% rule, I would need ...
Craig Osterloh
50% Rule and $100 Cash Flow
I guess my question is how accurate do you find the 50% expense rule?
If you gross rents are $2500, a margin of error of 10% on your expenses would result in a $125 difference in cash flow. This might result accepti...
Steven J.
How do you interest a seller in seller financing?
As I've been getting calls from potential sellers the words 'seller finance' and 'lease option' are met with near automatic 'NO's. When asked why sellers always say they don't want to deal with the property and th...
Ayana Morali
Question about avoiding Cap Gains when selling a rental
Hey all, I'm curious to get your thoughts...
I have a rental property on the other side of the country. I bought it 4 years ago and it's been nothing but a pain (I have another rental not far away that's been much ea...
Nick Atwood
Why Real Estate Investors Should be Their Own Agents
As an investor, it didn't make any sense why I was letter a buyer's agent collect 2.5% of the purchase price, for the minimal return I was getting. After many sales, I knew the real estate forms well and had the buyin...
Account Closed
How to best position my personal finances for investing?
Hello everyone! This is my first post to the forum now that I am finally a member (I've just been stalking the site for quite some time now). I am 26 and really excited about starting my journey in real estate investi...
Rex Celle
Do you track your net worth?
How many of you track your net worth as RE investors. If so, please share with the BP community your approach and what you include under assets and liabilities.