David Lutz
The Myth of Cashflow – and understanding how to reserve properly and model.
Let me start by saying I am all in on RE. I have an MBA, spent years learning about RE before I pulled the trigger. And when I did, I bought 5 houses worth over $1M in 18 months with only $100K of my own money. So I f...
Jason Schmidt
can someone please explain this 50% rule to me?
I have heard from people on these boards that I can expect the operating expenses of the house I purchase to rent out would be about 50% of what I can get for it monthly. I could be misunderstanding it, but how is th...
Jose Contreras
Tax benefits from RE investing in high income earners.
Hello everyone,We recently started investing in real estate in 2020. We are buy and hold investors and currently have 2 doubles in the cleveland area. We got into investing for it's wealth building annd tax benefits. ...
Michinori Kaneko
Property manager pocketing late fees
Hi BP,I have used my property manager for about 9 months now, so far i've been happy with what they have been doing. I signed a contract with them back then, and every property which I have acquired and managed has b...
Alan Asriants
Is this an end to Wholesaling?
Bigger pockets just released an article that goes into Wholesaling and how it can become illegal to Wholesale Real Estate in South Carolina.
Here is the link for reference:
https://www.biggerpockets.com/blog/new-sou...
Michael Warinner
I dropped out of college last week.
I’m 20, and I just dropped out of college to pursue RE full time. It’s not that I was bad at school- I had a 3.1 GPA heading into my junior year, but I just decided that since I have clarity on what I want in life, th...
Account Closed
Vice President Harris Announces Economic Agenda
Vice President Harris is expected to announce her plans at a rally on Friday. According to Forbes, it will focus on creating more affordable housing. Some of the finer points that I can see are $25,000 in down payment...
Peter Tverdov
Anyone else feel like the forums are losing value?
I find myself browsing these forums less and less as times passes. Biggerpockets is such a machine now and while there is lots of useful advice, it's primarily aimed at newbies (who can't use the search function mind ...
Davon Lowery
Do contractors not get it;more you charge me the less I can flip
Dude, this is a symbiotic relationahip. Trying to start my new REI project, a flip in Milwaukee. Trying to negotiate with a contractor to budge on the plumbing costs, he wants 10k to pipe a 2,200 sqft. duplex, I need ...
Alex Silang
Why do you want to be superwealthy?
Just an honest question.Besides being able to "retire early" and maybe do a couple international trips a year, why do you want to acquire a massive amount of wealth? I used to fall into this category. But then I switc...