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If you were to make $20K on a real estate transaction would you use it to pay down existing debt such as a car loan or credit card debt, reinvest it into another deal, or a combination of both?
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And Obama just vetoed a bill that would make it easier for banks to foreclose. Can anyone out there tell me a story about someone that has been paying there mortgage and was accidentally foreclosed on?????? ...
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Here we go. Initially, I was a web guy and I founded a few large web sites, which I sold a few years ago. I still have a few, but the large ones I sold off. I picked up a house, a car and the rest were in Vanguard ...
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Hi All, I have a landlord-renter dispute that I was wanting to run by you all to gather some input before I proceed further.
For some background, I bought a property in a small college town in July 18’ in which I inh...
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Hello! I want to feature YOU in the next issue of BiggerPockets Wealth magazine (subscribe here! www.biggerpockets.com/magazine) if you have a fun/unique retirement story to share:
-Did you retire just before or duri...
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Hi all,I'm new here. I'm technically not a landlord yet, but I made an offer on a duplex and it was accepted today. I'm having it inspected this Wednesday. I plan to live there with my two sons and rent out half. I'm ...
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Happy Friday! As I go through screening potential renters for my unit, I'm intrigued by all the horror stories I hear. My previous tenants were great, always paid on time and took care of the property. They were less ...
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I'm under contract to buy a 6 unit, mixed-use property with seller financing. The seller will provide $700,000 of the $945,000 required. They are giving me 45 days to show proof of funds for the $245,000 so I need to ...
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After over a decade of doing this, I still don't understand how the debt terms directly affect the Cash on Cash return of a deal. For simplicity, define CAP Rate (:= NOI/Purchase Price) and COC (:= Cash Flow/Total Cas...
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Hello fellow BP members!I wanted to ask for your advice regarding a decision I’m putting in front of myself: I’m trying to decide if my next investment property should be a play for appreciation or cash flowI’ll try t...