Community - My wife and I are high-income earners, each with salaries greater than $150,000 per year. We file separately for a student loan strategy. We purchased, renovated, and placed our first short term rental in ...
My wife and I started an LLC and I've just emailed our lawyer to draw up a sales contract for a duplex. So, we're going for it!
I also just listened to podcast show 88 and they discuss software a bit. I've been loo...
Do you assume that you will sell the property after owning it for certain number of years?
Let's say you buy a property with initial cash investment of $50,000 and annual cash flow is $10,000. Now you have no plans t...
Hello! I have been a BP member for almost a month now and this is this the first time i have introduced myself although I do have one post. I started as a owner occupied single duplex. Now i own 2 duplexes. I stil...
On Tuesday, this week I began mailing to my lists. I have two list: List one 805 addresses, absentee owners in my zip code; List two 1200 addresses, owner 1 age 45+, equity 30%+, two zip codes (not mine but nearby). I...
I've been looking through the forums over the past couple days to try and find an answer, but haven't really come across many posts that are more recent. I am looking into accounting/bookkeeping software to use for my...
Hi BP folks:So, the definition of the term "path of progress" is the direction in which an emerging market’s growth is occurring - because progress/growth is occurring in these areas, demand increases, rents rise and...
Hey BPWhen looking at doing a househack on a Duplex- how do you typically apply the 2% rule and the 50% rule? Is there another rule of thumb I should look at instead? For example on a house I'm looking atCost- $310,00...
I hope this isn’t a dumb question. Do you think building and then renting a structure, either single or multi door, could be just as much or more of a lucrative venture? It would pan out this way. Build - either my se...
I'm curious as to which sources should I be looking at for obtaining financing on my first flip. Fortunately, I have excellent credit (765 fico), but my meager $60,000 salary doesn't leave much left over after paying ...