Hello, I'm a newbie in the learning stage of investing. I've always been interested in investing in real estate and just bought my first house and will be renting it soon. I though that was the end of buying until I...
Does anyone has experience buying Bankruptcy Trustee Short sales?I just started stepping my foot into Real Estate Investing. I'm interested in a short sale that is asking for 70,000. The value of the house after repai...
Hi Friends!What do you use for bookkeeping, accounting and filing taxes, as you start up? Of course, as you grow, you need a CPA, but for the first 12 months as you start out, what do you use? Do you use an online pro...
Hello All,I have been investing for the last 4 years in real estate and am on the way to purchasing my 3rd property (a flip :)I am having a hard time knowing how I should organize my incomes, expenses, taxes, ect for ...
Things that have occurred today:Today the DOW dropped 1,175 points - marking the largest single-day decline in the index's history. The stock market has been on an absolute tear over the last year and many point to to...
Hello BP Family,I was recently speaking with a buddy here on BP that is new to the game and is worried about how he is going to replace his and his wife's income. He just had a new baby in February (congrats Andy!) an...
Hello all, Just starting out and I've read so many books and still haven't found the right path/advice. I have 25K cash and have been told several 'must do' with. 1) Immediately put in your saving account 2) Put it in...
Hi everyone
Can someone explain to me from start to finish how does a HML work? I always get scared when someone suggests HMLs... I literally think of loan sharks or getting your house or assets taken away from you w...
I am about to take the plunge and become a landlord. I just wanted to run some numbers by and see if it sounds like a good deal and if I should create a corporation first for myself or some other legal entity and ...
I just had an idea, if we could figure out the maximum amount of dollars we could pay for a property per $1 of monthly rental income we estimate the property will bring, we would have a very easy way to figure out how...