Account Closed
BRRR : is it for income or acquiring property?
I have a question re: BRRR.When you borrow money from your property to buy another, it seems that you depend on the rental income to make the payment for you. Thus, you will have to pay the expense if you are vacant. ...
Bryan Hancock
The Second Million Is Easier
I read this article today on Investopedia:Why The First $1 Million Is The HardestA couple of points in the article stood out to me and I figured some folks on BP may have some opinions about them:1. Extra Wealth Mean...
Sarah Baniewicz
What side hustles have you done?
What side hustles have you done to earn extra money to purchase a first real estate property?
Mike Rutherford
Solo 401K or Self Directed IRA Providers
I’m looking at rolling over my 401K into either a Solo 401K or SDI. I’ve researched the pros and cons of each. My lean is Solo 401K because I have a small business. I also plan to buy real estate with it using leve...
Jon Lee
Quadruplex
Advice?4,000sf Quadruplex built in 1986. Located in surbanban area with top schools and thriving town. Currently priced at $175k with roughly $15,000 in repairs and partial rehab.Rental income currently $2200 monthlyR...
Christopher Williams
LLC or Incorporation
Hi everyone!I'm new to this world of real estate investing, and was looking start my career off in wholesaling and potentially work my way to rental properties. My questions is, would I need to first start a business ...
Lisa Lanza
Inherited property in ira
if I purchase a property with no deductible Ira funds and after death my daughter inherits the Ira...will she have to pay taxes on the inheritance? Will she have to sell the property or can she keep the property and ...
Oliver Binns
Impact on Credit Score
Hi Everyone,I am new to the site and real estate investing. What is the usual impact on your credit score after obtaining a mortgage and how long does it usually take to rebound? For those of you that are acquiring mu...
Jonathan Cope
Deal Review: Opinions Welcome
Intent: Buy and Hold10th PropertyTown House1,300 sfForeclosureAsking Price: 215,000ARV: 265,000 Rehab: 7,500Rent w/ Vacancy: 2,350Taxes: 4,850Monthly HOA: 725 LTV: 75Rate: 5.5% 30yrInitial Monthly Expense: 2,150Buy: Y...
Briana J Hutton
Hard money Lenders/Seller Finance 4 Owner Occupied Multifamily
Hello, I am currently working to repair my credit, save for a downpayment, and increase my income with the initial goal being to own properties starting with a multifamily property in which I will occupy for 2 years....