Corey Smith
I've gotten my feet wet. Now what?
I want to bounce my situation off of any of you in the BP community that are willing to read it and give an opinion. I became interested in REI two years ago this month, when I found BP and read Rich Dad. Over the fir...
Steven C. Suarez
Successful real estate investor AND minimalist? Possible?
I love the idea of becoming a successful buy and hold real estate investor. Accumulating houses for cash flow. And more houses. And more houses. And more...etc.. Thing is I've always wanted to strive to live a minimal...
Tony Wooldridge
What is your FREEDOM number (#)?
I am a relatively new but very active newbie to REI. I have purchased my first investment property which I am in the process of flipping right now. I listen to BP Podcast in my car on my commute to and from my 1.5 h...
Christian Benitez
Where did you get your money to start investment
Currently I do not have the best credit (fair) and not so much extra cash. For those of you that have already made at least their first investment. Where did you get the money? Own cash, 401k, hard money lenders, bank...
J Randall
Why are real estate agent commissions so high in NYC?
Highest property prices in the nation, maybe the world. Yet commission rates are untouched. 5-6% is still standard. But how is that possible considering that'd be more than most people make in a year? $100,000 I he...
Julie O'Connor
Avoiding Appearance of Discrimination
Hi BP Community. I have been a long-time “lurker” and now am a first-time poster. I own a SF rental in Northwest IN (former primary residence). First time renting this property.Property has been advertised on Craig...
Westin Hudnall
Using 401 K money to pay off my primary mortgage - Good or bad idea ?
My story : I'm 30. Fully vested with $55,000 in my 401 K . My primary mortgage has a balance of $35,000 left of my original $182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and w...
Derrick Gordon
SHOULD I CREATE AN LLC OR CORP?
I see most people have an llc - is there a significant reason why?
Patrick Jenkins
Do People Really Pay 1000+/month to rent a home?
I'm looking into real estate investing and the first question that comes to my mind is, "what could I potentially rent out a home for?" So I drive around town (Houston) looking at For Rent homes and call a few of them...
Renee Z.
Income does not qualify for a second property
Dear All, I know this must be a newbie question: how to qualify for a loan on a second or even 3rd property when your income is not great. A little back story here: My husband and I bought our first home, a $130,000 o...