Hi everyone, I'm a 25 year old newbie investor. I have been on this website for months soaking up as much knowledge as possible! With everything that my partner and I have learned, we decided to take a leap of faith w...
Hello,I am 26 years old, married, and just started building my first house. I have some regrets buying this house, I wish we would have invested our money in rental properties first but whats done is done. I want to s...
Hi there,
We have strong candidates for renting our property but they are one year in the country. Is it a concern? Help me understand the pros and cons of renting to non-nationals. Thanks in advance!
Lacey
If someone has the cash to buy a flip, is that the best way to go? Cash to buy and then cash to renovate. (I would assume yes to lessen the carrying costs but total newbie here wanted to make sure I wasn’t missing s...
Hello, we have flipped 3 houses through traditional means, but have moved to Florida and see the large amounts of foreclosure properties listed on the county website. I have been watching the auctions and am ready to ...
Hi BP community, wanted to collect your thoughts and idea's to help me brainstorm hacking some finances. Was thinking about taking a 2nd mortgage on an existing rental property to cover the costs of acquiring an addit...
How would you think about the risks of buying a park in a tornado prone area? What about a 100 year or 500 year flood zone near a river? What does the worst case scenario look like for the park owner and how do you q...
I became a new investor in 2022 and now I am needing to look into filing my tax returns. Would you recommend I find a local place or use some type of national chain? Do I need to be able to meet with them/drop off pap...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $385,000
Cash invested: $35,000
In March of 2022, I bought my first rental property, a 4 bed / 2 bath house in the ...
I'm considering buying my first investment property using a HELOC on my primary residence. I have enough equity in my primary residence to cover about 4-5% of the purchase price of the target property. I was thinking ...