Garmeon Y.
50% rule flaw - missing out on deals
How much further would you look into a deal before passing? What if a prospective deal is slightly negative cash flow using the 50% rule, but might actually be positive using actual numbers? What's the risk of passing...
Nick Dillaha
Should I pay off my truck???
Hi! Trying to set my investing career off right. I always had the opportunity cost mindset and kept low interest debt to save for another rental property. Recently listened to a Dave Ramsey rant and he talks about pay...
Rafi K.
New BP member... from a long way away...
Hi there BP world,My name is Rafi, and I joined BP a few weeks ago, but it's taken me a while to introduce myself. Basically, I'm an Aussie, living in Israel, interested in US real estate.I sort of got into RE by acci...
Jason Panick
Should I Pay Anything Towards Monthly Rent of my Property?
So here is the situation everyone...My wife and I bought a condo back when the market was sky high at 439,000. It went as low as 300,000. It's now around 410,000 and we owe 415,000. Our monthly mortgage is about 19...
John Murphy
$50,000 loan for materials
Hi, I own an old 2,000 sq ft church built in 1917. I own it free and clear. It has a full unfinished basement with tall ceilings. I am retired and would like to borrow $50,000 for materials to turn the basement int...
Jennifer Cheu
Too ambitious to do bathroom repair myself??
Hi all, Bought my first owner occupy multi family, and decided to live in the most runned-down unit to do some repairs. I'm a mechanical engineer by trade, but have little to no real estate repair experience. I enjo...
Nick Romano
LOW Cap Rate but GOOD cash flow...Should I BUY it??
Hey guys- SHOULD I BUY THIS PROPERTY?? Thanks so much for the input.I have a property that is an ideal area. Rents are going up and rental market is super hot. Currently rent is well below market. Cash flow looks pr...
Matthew Swearingen
Memphis Cash Flow Doesn't Seem to Be That Great! So Why Memphis?
So I'm still doing my research on some properties in Memphis and I'm not seeing the cash flow return unless I'm missing something.Have a few homes in the $60K to $70K range. After I put in all the numbers for a home t...
K S.
Where to reinvest 1031 exch funds?
Looking for ways to turn this into non taxable cash or just purchase something to avoid taxes.I'm on my second 1031 exch but later found out that I can't use the funds to improve on already purchased land so I'm a lit...
Jesse Jones-Smith
Advice on keeping expensive house as rental and downsizing
Hi all,
I would love some advice on my specific situation. I’ve been interested in getting into real estate as a way to potentially have extra income and also have more of a safety net in retirement, either through ...