Jesse Palmer
Gaining some momentum on first deal!
I've been reading as much as possible about REI and decided I wanted to go with a long term rental strategy in an effort to leave my job as a police officer in six years. My goal is to replace my income with rental i...
Lyle Cooper
Condo Board reluctant to share Financial records
I own a condo in NYC and I am about to undertake a kitchen renovation project. Total renovation cost will $20,000. The condo board wants the higher of 3% or $6000 as an alteration fee. Another $6000 puts the job al...
Steve S.
Need a creative way to add funds to a downpayment
I own a couple of rentals and have a > $1M net worth.Probably 60% of that NW is in retirement funds with the other 40% being in cash, brokerage accounts, equity in properties (approximately $100k in equity).I have ...
Patrick Hicks
Supplemental HOA fees
Hi everyone,I bought a condo in San Diego just over two years ago as an investment. Long story short we just received our second supplemental HOA bill in two years time, this one being around 150$. Is there a websit...
Parker Fairfield
Sell 1 motel, 1031 reinvest into several other properties?
@Dave Foster wrote a good reply to a different thread... I'm looking for clarity AND more advice30,000 foot overview-I bought a small motel in summer of 2017 for $435,000 ($135k down, $300k mortgage).Invested addition...
Ryan Swan
Pursuing judgement against evicted tenant
I recently obtained a judgement against a tenant who stopped paying rent. The total judgement amount is $2,556.00 with 4.25% interest compounding yearly. The tenant is long gone, but I'm wondering if it's feasible/wor...
Aaron Wyssmann
Rich Dad's Cashflow game with my 8 year old son
Over the course of the last several months I've been playing Rich Dad, Poor Dad's Cashflow game with my 8 year old son. He loved playing Monopoly and I do to but I so much more enjoy Cashflow because of the thought p...
Kevin Balbuzowski
New here from Tempe AZ
Hi all,My name is Kevin and I'm out here in Tempe AZ. I'm looking to either buy my first house for a fix and flip or a duplex or triplex in the Phoenix metro area. Eventually, I'd like to have enough rental properties...
Brandon Eleazer
Add a partner for equity in exchange for cash
hello BP,
For those who've owned rental property outright...here's a scenario:
Single family 3 BR currently rented for $1150 per month.
Purchased cash for $50k + $12k to fix it up. With settlement...
Eric Le
First Flip Questions
Hello All,So I'm on my first flip and got a few bids in. One contractor pointed out the old cloth wiring. I don't want to spend more than I need to, but I don't want to finish the house only to fail inspection on clot...