I am looking to buy my first rental property (SFR). I have a substantial amount of equity in my primary residence, which would allow me to get a HELOC and thus, cash, to start investing. Are there any cons to this r...
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...
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 ...
What are the pros and cons of putting only about 15k as a down payment for a house
Hello everyone. I am currently living at home as I am finishing my last semester in law school. Later this year, I will be moving out after I start working and would like to live close to my job in Philly but am als...
Hello,I miraculously inherited about 100k from an aunt of mine who I barely knew.I am 25 and have had health problems for the past several years that have left me unable to work for long periods at a time. I am curren...
Hi BP. I'd like someone to sanity check this for me. I live in a house with a solid amount of equity. I'd like to keep that as is for a bigger deal that may come along. We have been able to fight and save a decent amo...
Hi,I was reading an article a few days ago that said 40% of Americans can't come up with $400 if they had an emergency. I couldn't believe almost half the country is that broke. The median household income is 60k, so ...
Hi BP community!My name is Mike and I currently live in the suburbs of Columbus, Ohio. I have been interested in pursuing real estate investing as a way to generate wealth and - over time - replace my W2 income. I am ...
Good morning my BiggerPockets community! I have a client that is pursuing a potential commercial acquisition. He's looking to finance MOST of the deal through conventional financing, but may need some extra cash optio...