I recently heard Brent Kesler do a seminar on the money multiplier method. It sounds good but wanted to see if any has ever used this idea of wealth building through a whole life insurance policy. Any feed back on Bre...
I came across a deal in Virginia that I am very interested in. I think the neighborhood is soon going to go through an general improvement and the schools are top notch! It is a well maintained duplex that I could get...
As a beginner, I successfully completed my first cash refi on a paid-off 2bed/1bath condo rental property in Cincinnati, OH. In other words, I get a lump sum cash in return for lower yearly cash flow on a rental prope...
Hello, wondering what places you would recommend investing that are landlord friendly, a mix of appreciation and cash flow,. Also taking in consideration insurance, taxes, cost of repairs.
Hey there, BPers. First time poster. I've got a townhouse with a tenant in it. While walking through the parking lot of the townhouse complex, he slipped on ice, fell and busted his skull open tot he tune of $125k in ...
Hello BPA few weeks ago, I finished reading Becoming Your Own Bank (The Infinite Banking Concept) by R. Nelson Nash. Prior to reading the book I have been pursuing my 1st multi-family apartment deal in the Orange Cou...
How are you determining windstorm and flood insurance costs for properties in the south Florida market? For those of us who cannot pay cash and require a loan, banks require windstorm insurance and many times flood in...
Quick overview-
Asking price: $164,900
Property taxes: $3440/annual Or 286/mo
Insurance: $500/mo (from FHA home insurance + mortgage insurance)
Rent: $550
No flood zone, good roof, good foundation, central h...
I’m 26 and I’m all about personal finance and investing. I have a good amount of money that invest in stocks and I also max out my Roth ira every year. My job provides a pension and annuity for retirement so this woul...
Asking: $30,900 (assessed for 38K)
Taxes: $1,799
Currently rent: $750
The 2% rule works: 2% of 30,900 = $618
However: at 6.5% my payments would break down as follows:
P&I: $195
Taxes & Insurance: $23...