We moved five years ago and have been renting out our old house that is about 8 hours away. My wife and I decided to sell it to pay off credit card debt so we could start fresh plus it’s been kind of stressful having ...
I just bought my first rental home (with 10% down) where I plan on living in one room the first year while renting the other two out. My question is it more benificial to save up more money to pay for a second home an...
Okay so I have started recently becoming more financially literate and career driven and I am looking for some advice. I am currently a server making 35k a year about to get married within a household income of 70K an...
This is mostly a theoretical question for now, but will most likely become valid in 5 years or so. I own several properties with a neighbor of mine that we operate under an LLC. We file a partnership form 1065, and ...
Hi BP, I'm finally closing on our first property. Now I'm starting to think about what to do in the future for more properties. I am wondering what method people on here use as far as acquiring credit for multiple pro...
this will be my second property, but the problem I'm running into is financing. The bank approved me up to 100k, but they could not go any lower than 55k. Now we have been shopping around, but does anyone have advic...
Hello, my question is about being debt free. As I have been getting my personal finances in order by being debt free and having a savings. I was wondering should I do the same with my investment properties? And does a...
Hey Everyone,I'm having an internal debate and would love some feedback on which strategy is better.I own one duplex. Option 1: Do I take all of my excess cash flow (which I don't need) and pay down the debt as fast a...
I am looking for some insight from other investors on the topic of high cash flowing areas with little appreciation. Have you had any buy and holds in an area like this? Pros? Cons? With my current situation I have mo...
Here's my situation: I accumulated credit card debt to finance my last property rehab, which is now rented and generating income. However, I'm burdened with credit card debt, a HELOC, and a personal loan. Despite hold...