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I have 3 SFU doing well. First venture into Multifamily. Area Cap Rate 9%, triplex cap rate 8%. Mostly concerned about actual expenses vs BP calculation of 5% each for expenses, vacancy and CapX. This is a VA loan...
Is a six-figure salary enough to achieve FIRE? If you’re working towards financial independence, you know that any extra money at the end of the month can help propel you to your goals faster, but with inflation eatin...
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Hey guys,
we are BAH (buy-and-hold) property owners that just separated our business account from personal.
To efficiently operate rentals, what business accounts would you recommend to have? Would you recommend:
-a s...
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Hello BP Community! My question today is surrounding the accumulation phase of the FIRE journey. I am about ten months into my first job since graduating college in May of 2017. I live in Boston and have a pretty dece...
I have someone who agreed to gift me the down payment for my first purchase (Multi-family and I will be occupying). But after discussing with him about pulling from his investment account (401K), I’m not convinced tha...
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Okay, so I currently own my home that I plan to eventually rent out as my first actually investment property. My mortgage is $650 a month and it’s a 4 bedroom 1 1/2 bath row home that should rent for about $1200 in my...
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Hi all, I just got aproved for 15k of SBA Loan, however I have two quick question1) I saw people mention first 12 month interest free. Don’t see that anywhere on my portal. It say 3.75% interest , repayment started af...
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Hello all,I have an SFR that I bought 3 months back (cash) and I want to do a cash out -refi on this property, so that I can re-invest. The property is located in Columbus Ohio and is currently rented out with a one y...
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Where do you keep your deposits from tenants? In a savings account? Investment account?
And similarly with you repair and vacancy funds. Mine are getting sizable enough that I'd like to invest them to at least avoid ...
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Hi BP! I've accidentally got into RE by renting out my first house a few years ago. Seems like a great opportunity to get to financial freedom. When it comes to accumulating funds for down payment etc. Save cash. borr...