John Peppard
Rental property, does higher down payment make sense
Looking to purchase a rental property for $330k, leases are already in place for the following year and rent roll is $3200 per month. At 25% down I’m looking at roughly $2300 for principal, insurance, and taxes per mo...
Becky Hoffman
How do you save for taxes?
Do you open an account to escrow your tax costs or is there another way? I'd rather not have to open another bank account if possible.
Deonte Ademiluyi
First Time Investor with 1000$ Where and how do I start?
So I'm 20 with 1000$ saved and I don't want to go to school because I know that I want to start investing. I'm looking through google trying to find a good duplex but honestly, I don't know what I'm looking for and wh...
Thomas Brucker
Advice for a New Investor
Background about me: Hey everyone! My name is Thomas and I am new to BiggerPockets. This is my first post and I'm hoping to get a couple questions answered and receive advice on how I should get the ball rolling. I am...
Vidal Anguiano
Age 23 - Prioritize Real Estate Down Payment or IRA?
Hello,My name is Vidal and I am a relatively new member. The question I bring before you all is about savings prioritization. The two options I'm considering at this point are 1) start saving for a down payment for an...
Drew Cameron
Heloc to pay off mortgage faster
I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...
Carlo Michelotti
W-9s & 1099s: How do I pay contractors "under the table"?
I've have guys doing rehab work without a contract, and I pay them with checks out of a business account. They're licensed, but this is "side-work" for them. They do good work and don't charge a lot, so I thought ever...
Charles Wiegert
Expense and CapEx Set-Aside Fund Amount
How much do you leave set aside for your property for expense or capitals. At what amount or percentage do you stop saving expense and capital funds, if ever? What is your plan for emergencies? if you have a couple pr...
Tyler Jorgensen
Realistic expectation of financing as single income with kids
Current situation: Family of 4, single income, military 45k salary. I have little extra to put toward a house after putting away from savings and daily life. Bought first home in the last 2 years so not a lot of equit...
Brett O
What is YOUR process for rehabbing/remodeling a house
Hello BP, I haven't posted in quite some time! I thought it would be interesting if we all shared what our rehabbing/remodeling process looks like. I am currently on my fourth investment property, my strategy is bu...