Yousef Reda
When to retire? Is there
We learn about BRRRR and buying properties no money down. Brandon also teaches the formula to retire on a certain Passive income. The problem is if we are buying property after property with zero down all the money is...
Thea Linkfield
To Sell or to Rent in Arlington, Jacksonville, FL
I have a house in the Woodland Acres (32211) area of Jacksonville that was purchased for $47,300 cash. We are currently renovating it with about ~$30,000 in and when it's done it will be completely move-in ready with ...
Will Kern
What Rich Dad Poor Dad gets wrong...
Newbie here. I listen to the BP podcast almost every day, and I notice that Rich Dad Poor Dad is suggested by a large number of guests in the Famous Four, or at least referred to frequently.I've read the book and I th...
Joe Rinderknecht
Cash-Out Refinance or HELOC
Good afternoon BP, My question today is on whether or not I should do a cash-out refinance or do a home equity line of credit on my duplex?Here are the details on my house.- Bought with an FHA loan in July of '1...
Ray Lim
Taking a look at multi-family homes
I found this market flyer for this property
It is a 8-unit multi-family property being sold at $800,000.
The market flyer seems to do the basic number crunching already. It calculated a CAP of 6%. It also already c...
Eric Terwilliger
My first deal
It wasn't an earth shattering success, but I'm learning along the way. PP: $210,000Down Payment: 20%Closing Cost: $9,500Rehab: $5,000PITI: $1425Rented: $1250 per monthProperty Management: $83 per monthI did all the re...
Tiffany Smith
From single family to multi family
Hello BP friends I am looking for advice. We have 3 single family investment properties. While we have been successful in cashing in the equity (brrrr), the monthly cash flow isn’t where we want it to be. I am cons...
Curt Davis
30yr Loans vs 15yr Loans
So of the 20 rental homes I personally own in Memphis, the first 9 of them were put on 30yr loans and the other 11 on 15yr loans. To give you a simple example of the difference, here is what you can expect:$100k pr...
Don Konipol
Why I will no longer answer questions from the unknowledgeable
For the last 15 years I have been answering questions from unknowledgeable wanna be investors who watched a guru on YouTube and now wants to know where to get the earnest money to tie up multi million dollar propertie...
Dan Richter
Is a 30 year loan really the best loan for a rental property?
It seems that the general consensus for a rental property loan would be a 30 year loan, and I used to agree. The idea is that you can use the cash flow to pay the loan if you want to, or use it for a higher returning ...