Hello, I am a contractor / carpenter / beginner investor in Cleveland, OH. I would like to quit my job which is pretty demanding, working 50 hours+ a week and leaving me pretty drained and without much free time to wo...
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I'm selling two rentals this spring. Not only do they have equity positions of more than 50% each, they are also nearing capex and I have some neighbors and an HOA I'm dying to get rid of....But I digress....I am deba...
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Investment Info:
Single-family residence fix & flip investment in Tavernier.
Purchase price: $230,000
Cash invested: $55,000
Sale price: $420,000
Sold the property to diversify my portfolio; ...
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My wife and I are opening a HELOC on our current residence to have as backup for a property we are about to acquire. We should have the cash for down payment and rehabs but just wanted the money available for any unfo...
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I have several SFH rentals that I own and part-time manage. My wife and I took sabbatical this year to embark on an adventure with our two kids. Without a property management company and without the interest to find o...
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I have mortgage about 80k with 15 year term ( so far paid about 4 years of 15 year term of original loan amount 120k) with interest rate of 2.85 %. I also have credit card debt of 80k with interest rate around 20% as...
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Hello BiggerPockets community!
I need a bit of help deciding if I should sell or hold one of my properties. This is a brand new manufactured home we are installing on a small lot about 10 minutes from our primary. Th...
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Hey!
I was just wondering what everyone thinks about keeping your reserves in a 60/40 stock/bond portfolio? Maybe having a slightly larger amount of reserves than normal to be able to withstand any sort of downturn?...
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I was listening to the Money Podcast, Finance-Friday edition earlier this week. @ScottTrench mentioned having adequate amounts in reserve for a rental property. I close on my first property on Wednesday the 17th. The ...
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I just got through creating a wealth building strategy for myself and now want to see if there are any problems with it.1. Save $1,000 as an emergency fund in a money market account.2. Pay off all my debts excluding m...