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I have mortgage about 80k with 15 year term ( so far paid about 4 years of 15 year term of original loan amount 120k) with interest rate of 2.85 %. I also have credit card debt of 80k with interest rate around 20% as...
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I have scoured the BP blog and internet and have not been able to find a clear answer to a few questions I have regarding Debt to Income ratio, so what better place to ask than here! So here it goes!1) I have had a re...
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Stock market investors are often so focused on growth that many do not realize how the leverage, cash flow, and tax-deferral of real estate investing can combine to produce potent returns. And when mixed with the powe...
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Hi BP community,
I am an aspiring investor who has tried to jump into the REI game a few times this past year but still no property, and truthfully, confused as to what the best strategy would be for me. I know this ...
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My and my soon to be wife both graduated college at the same time and we make a combined $150k/year ($75k each) We are still living at home with our parents to save money, and we want to build wealth in real estate. W...
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Hey guys, First time posting to the Forums, I'm very impressed with Bigger Pockets thus far.I'm having trouble deciding on my next rental. I purchased a up/down duplex in Nanaimo, BC, Canada in 2017 for $472,000. It's...
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Let's take an average working class guy. He makes 60k a year and has a mortgage and a car note. 10k in liquid savings and some bedroom cash for dinners with the wife. If he decides to get into real estate, he will ne...
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Hi Everyone,My name is Cedric and I am a father of 3 young boys. I need to find a way to provide for their future beyond my current salary, and that is why I am looking at investing in real estate. I am located about ...
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Hello all, I'm a newbie who just signed up looking for some financial advice.I'm a single person, aged 43, who recently bought a new home in the CA Bay Area putting 20% down left with a mortgage of 720K. My mortgage p...
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Can someone answer, or point me to the post that answers the question of how to compensate a property acquisitions manager?
I recently trained a woman to analyze and make offers on reo properties. I gave her all of ...