Ok folks, here is my update...Last time I checked in I believe I was in Afghanistan and was near paying off my first rental house...Well now I am about 3 months from leaving Sinai Egypt, my second deployment. I am nea...
Hello all,I needed to talk this through with some seasoned individuals so I'm hoping I can get some ideas/guidance. I'm currently house hunting and in the process of lining up financing for a future house hack. I inte...
Hello BP! This is my first post in the DIY section. Just a quick backstory:I have been living with my wife (Adries) at my in-laws as we finish saving for our first investment/principle property. While living here we a...
Hi all-I have a rental in New Jersey which I've rented out steady for 3 years now to the same family. We actually hadn't intended to rent it out, but we had to move quickly and it was faster than selling it. We have...
Would it be a good idea to rent out this property?3 Bed / 2 Bath / Family room / Living room / Dining Room / 2 car garage houseLocation: South Sacramento, CAPrinciple/Interest/Tax = $1100/monthWater/Sewer = $85/monthP...
Hi all,I'm curious to get your thoughts on whether you think a 15 or 30 year mortgage is the right way to go for a buy + rent out strategy? Suppose my goal is not necessarily cash flow (say I have a full time job tha...
Hello everyone.I am in the process of selling my first real estate property and I am making a go of doing a fsbo. I have a question and I'm hoping some of you seasoned investors can help me out.I had the deal under c...
hello bp, just want to get your take on the best strategy approach. A simple referenced scenario from "http://www.nuwireinvestor.com/howtos/how-to-use-br....** beginning reference scenario //>Let's look at an actua...
I am a 30 year old Marine Corps. (9years) Veteran, I was quite embarrassed to start going to school a couple semesters ago, but after reading a couple books (of-course Mr. Turners, as well as Rich Dad:Poor Dad) I lit...
I'm confused about the tax advantages of rental properties as compared to stocks. For the following, assume I buy an SFR with 20% down, rent it out, and sell after 30 years.
I'm taxed on the "profit" (I'm not yet sur...