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Here's why I don't like the 1% rule...A buy-and-hold investor should think long-term. The 1% rule doesn't matter as much if you have a 5-10 year investing horizon because it does not take into account appreciation or ...
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Hi all,
What are some tips you have when it comes to choosing your current contractors ? I'm about to close on a fix and flip property and trying to get as many bids as possible but don't want to be bamboozled by con...
Hello,
My friend brought me to this site and after debating, I decided to join. I've only been here for a few days and I have already many things about the market. I have 5 years of mortgage experience but that is th...
Hi BP folks,
has anyone bought property out of state, without having a close friend, family member or a business partner (boots on the ground) sort to say, to inspect, drive by, take pictures of that location?
How ...
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Hello, BP residents! I'm a new investor from Los Angeles (Studio City, to be exact). I'm in the entertainment industry but ready to branch out to REI. Looking to start investing in SFR rental properties in the greater...
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Any insights into SB584 that places 15% tax on STRs but exempts hotels to fund housing situation? It seems bone crushing high for guests. If you were a new investor in CA market, this tax will lower your occupancy r...
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I don't know if other people are as paranoid about this as I am. It's hard to imagine nobody worries about it.I usually try to have my wife with me but that is not always possible. Today, I am Face Timing with my son...
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Hello BP!
I have found a 14 unit place (4 tris and 1 du on the same property) in my local area at a good price and with good rents. I haven't ventured out into a commercial loan yet but I am considering it. I have th...
I've got a question about getting an FHA loan?
I've been working with a mortgage broker to get my deal worked out. I am trying to get into the property with the lowest down possible.
Here's the details: 4plex 200k ...
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Hey BP!After about 6 weeks of consistently reading UBG, BP blog posts and listening to the BP podcast (currently in the middle of 7 Years to 7 Figure Wealth) - I realized it was about time that I introduce myself!I’m ...