HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased ...
BP,I live in the San Diego area and I'm looking to invest in cash-flowing rental properties. However, in San Diego, it seems nearly impossible to find a property that will cash-flow without a huge percentage down, and...
I recently got into a lengthy discussion on another thread about wholesalers and whether they bring any value to the real estate industry or not. I am interested to see what everyone's experience has been with wholesa...
I have been reading about the 2% rule but seriously questioning its accuracy. I got a great deal on a house in a desirable area of Austin for $297k. The rental we are getting is high ($2500) for the area. However, acc...
I will be making an offer in two days on a property. I ran the comps, drove the comps, inspected the house and have a good feel for it's value. She has two other properties she also wants to sell me that I'm hoping g...
I've been obsessed the past decade on trying to understand why some people become financially free, while the majority of the population is living paycheck to paycheck.I just launched a book called Baby Money Soldiers...
Hello,I hope what I'm about to write is clear. Step 1)Our 3-5 year plan move from California to Tennessee and in the meantime move back in with my mother and rent out our home (comparables rent for $3,000 and our new ...
I have one tenant who's been here a long time, before I started not officially including internet. Now I say "I sometimes share mine with people as a courtesy, but it's not included-- if the person makes my internet ...
The really invaluable part of this experience has been education. I and my wife who was a designer of the project have learned a lot. We certainly made mistakes along the way, however understanding what went wrong pro...
Dear BP,I'm attending my first REIA event today and it seems like a scam. I'm a bit skeptical when they are throwing stories of $$$ left and right. Any thoughts?