Dustin Beam
Tell me more about "paying yourself first"
In part, I understand the concept. At least I think so. The way I take it is: Take a certain amount of the profits each month and give it to yourself.Another way it was defined was in a recent podcast: Income - Profit...
Blair Bennett
To sell or rent?
We have a home in NE Mesa. We are in the 2/5 years so we could sell and profit 200K+ tax free or we could rent with cash flow (not including mx) 1K/Month. Our original plan was to build wealthy by holding this propert...
Matt Rosenbohm
Maximizing Cash on Cash (Need Advice)
Hey Everyone,Thanks for taking the time to read and give input! Here is my scenario:I want to make sure my rental portfolio is at its maximum potential without over-leveraging. I have been so focused on my flip busine...
Luke Kwon
If u can start REI in any community in the US, where would it be?
Hello everyone! This would be my first question-post.I am 24 with a philosophy degree at the University of Illinois. My parents live in South Korea and I am the only U.S. citizen in my family. I would like to start Re...
Ryan Tempel
New young and ambitious couple in Phoenix, AZ
Hello Everyone, I'd like to start buy thanking the founders and the community of the creation and on going evolution of this resource. In the last few weeks I have gone from knowing jut that real estate was interestin...
Jack B.
Would you rent to this person with a past bankruptcy?
They didn't mention it on the phone, only mentioned that they went down to "Zero" when the real estate bubble burst a few years ago.He gave me a detailed run down of his story (of course it's difficult to verify any o...
Terry McMillan
401k Cash Out Dilemma
I am wanting to get started in real estate investing by acquiring rental properities. I have a substantial 401K ($300k) that I could cash out and use to start buying a few properties. However, I will lose $100k right ...
Chase Hayden
Lifestyles Unlimited Expo worth it?
I am very new to BiggerPockets, and to real estate investing as a whole. It is something I have wanted to do for a while, and after procrastinating long enough, I finally decided it was time for me to learn more ab...
Eric L Conry
Should you sell stocks to pay off a rental early?
I have a rental house with 150K left on the mortgage, I have 200k in an after tax brokerage account invested in cash, stocks and bonds. Should I sell the investments (pretend we're in a non-recession normal stock mark...
Stoney Fred
Thoughts on Duplex, Triplex, and Fourplex
I am a member of Lifestyles Unlimited and they don't recommend these for purchase. Can anyone explain to me better why they aren't a great deal to get started? Financing is great if you can live in one and seems it...