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One of my favorite books is the millionaire real estate agent by Gary Keller. The book shows how one can build a brokerage and have a mind set of a business owner. Although, I've ran my own business (non real estate r...
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I see that it is a common goal for Buy & Hold investors to own several rental properties. Wouldn't having multiple mortgages expose someone to an excessive amount of risk? Suppose there's a market crash, rental ra...
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A lot of the time i feel like beginners lose focus because they're "why" for getting into REI (or lack there of) is not as strong as it could be. In my opinion, a persons "why" is the reason for going through the most...
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To borrow or not to borrow, debt free is the way to be etc etc etc. The way I see this is a risk vs reward. How do you decide though where the risk is to great or the reward to little? How do you decide to purchase a ...
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I have an opportunity to buy a triplex in a small-ish town. The owner is 80 years old and just wants to retire from landlord duties. She owns it free and clear. The list price is $80K, but after doing the comps in ...
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I have the chance to buy 3 multi unit properties owned by a seller who wants to retire. The seller is willing to do seller financing with the following terms:35% Down, 7% Interest, 7 Year BalloonThe asking price and r...
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I'll try to keep this brief to some degree. I own a few single family homes, I make fairly decent passive income, but I am bored out of my mind. Perhaps it's an issue for my counselor, not BP, but I saw there was a ...
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Hello all,We are closing on a 12unit next month. The inspection showed there are 8 water heaters that are near double life expectancy (so they are 10 year water heaters but some are 18 years old). Would you replace th...
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If was forced to invest out of state. Without having to think about it, I would probably concentrate my investing dollars in Dallas / Fort Worth.1) Population is estimated to grow over a million from 2010 - 2020. 2) G...