I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
What to do? I know nothing. I don't even know my strategy. I'm looking for wisdom, stream of consciousness, whatever--any suggestions that wouldn't require me to step away from my current employment. I have a grow...
I wanted to address this to educate people who have been mislead by the financial services industry...not just Dave Ramsey Step 7 - Build wealth and give. This is where he want's you to "invest in mutual funds," and...
I just wanted to share in my excitement on another wholesale deal closed with my bigger pockets family. I recently closed on a wholesale transaction all by my lonesome. The reason I'm extremely excited about this dea...
I have a tenant who is month to month and is a lawyer who has a checkered past to put it nicely, he is a felon, but has been given his law license back. He has stopped paying rent, and told me he will not pay, or move...
Female Property Investors/Landlords. I need your advice. If you are doing this on your own. By that, I mean, no male figure next to you that is your father, boyfriend, husband, brother, cousin. If you have none of the...
Just thought I'd share a story for any others out there considering buying a multi-family out-of-state, sight-unseen, from another BP member who markets and manages properties.I found a deal on the BP Marketplace in t...
Do you go with a 30 year mortgage or 15 year? I just closed on my first REI and took the 15 year. It was $146 more per month on a $60k loan. Seemed like a no brainer with the interest savings. It's not cash flowing mu...