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Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $250,000
Cash invested: $14,000
I purchased and managed a rental property in Chicago, focusing on strategic improveme...
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A family member of mine make some bad financial decisions several years ago and tried to keep it quiet by borrowing money at terrible interest rates from quick loan companies. They have a single family home that needs...
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Traditional Financial Planning advice goes out the window when you start investing in real estate.Questions for BP:- What proportion of your total wealth is held in real estate?- Why do you keep the asset mix you keep...
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Without a doubt, the most effective method to acquire life insurance is through a term life insurance policy. term life insurance policy Some monetary advisors insist that their customers utilize entire life insurance...
Hello All,I made this account years ago, finally starting to get active now that I have a steady professional footing in my day job in architecture. This can be considered both a blessing and a curse, as I have decent...
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Hi - we have 22k in a traditional IRA and wanted to see if there any strategies for investing this rather than letting it sit.
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Any experience on this situation that you can share? My current tenant is engaged last month and want to put her fiancé on the lease. Her fiancé submitted the application. It was found no credit, no previous rental hi...
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Hi All!curious if I should: - rehab a nice 2 bed 1 bath to a 3 bed 2 bathor - buy another multi family and rehab laterwe have a 2.875% rate on our multi currently. Would do a cash out refi after the Reno at whatever r...
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Can someone explain to me why you would (or wouldn't) invest in a property to break even and not make any cash flow with the rent? Would this still increase your net worth and possible equity with the new property?
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Selling an investment property can feel like a double-edged sword. While it's exciting to cash in on a successful investment, the looming capital gains taxes can significantly cut into your profits. For savvy investor...