So my father in law came to me and my wife asking us to manage his rental properties which are around 15 of them. He saw we were doing are rental properties and liked how we handle them. Well im second guessing it now...
I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
Context: I have bad credit. My fiancée has good credit. I have proof of income. She doesn’t work. We have 20k in savings, we’re ready to buy. Question: What would you do? How would you actually go about making this ha...
Hi BP,what are your thoughts about saving money until the next crash to buy real estate?is that the wrong answer? because of its undetermined time?would it be wise to invest part of the money i have in real estate but...
Countless times, I've heard the question asked "How much do I need in reserves?" While the answer tends to vary based on the investors' risk tolerance, I thought I would share my experience. As a background, I live in...
There seem to be a good number of investors here that have purchased a property from ABC Capital whether through Maverick or directly. If you've dealt with them, can you please post your experiences with them? I purch...
I am looking for some quick opinions on the deal below. Can I really go wrong with this?? I have submitted the contract and just waiting on the seller to sign but we have already agreed verbally. I have been looking t...
I read alot of stuff online, including on this forum bagging on wholesalers because their making money flipping contracts. Honestly I see wholesalers saving time and money for investors, more like marketing agents for...
There's been a lot of discussion on the forums as it relates to differentiating bad debt from good. The most common view on BP is that any debt which does not produce investment returns is bad debt.I, for the most pa...
I had a purchase contract with the Bank of America on a house. They "cancelled" the purchase contract and told me I am not getting my deposit back. They are not in a strong position legally, but they will likely be ...