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Hey everyone,Each year I make a list personal goals and work to make sure I hold myself accountable. Many of these goals are private to me and my wife but a couple of them are relevant to the BP community. 1) I plan...
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What prevents us all from becoming super wealthy? Plain and simple it is the return you get from your net worth. So, for an experiment take your net worth. That means, if you were to sell everything today and paid ...
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So long question short, my rental property averages about $150 a month cash flow after regular maintenance expenses and minor repairs. But for a capex expense, my next one being a bath tub replacement or replacing the...
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Long story short.Bought house, needed work, hired contractor with an agreement on price for work. Started work in first of November and told it would be end of the month before it was done. Now we are in the middle of...
Someone just told me that their 401k just sits there. It doesn't send them a check every month. Sure, they said, they get a growing amount (as long as the stock market doesn't crash) but when I saw their numbers, it w...
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The last property I bought has been about 18 months ago. Due to getting into a bunch of new hobbies/interests which take up a good chunk of my free time, I have been putting my dollars bound for investments into large...
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I know this title might be confusing but this is what I tell new investors or friends when I meet with them. Cashflow Should Not be the only thing you Consider when Buying Rental Properties. Like many I started my Rea...
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I purchased a property in Dade County in 2013. The property was on the same parcel as another condominium building.The purchase contract stated this in the additional terms-“Seller, as a condition subsequent to closin...
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I have a deal under contract that has a no assignment clause, so i am forced to double close and use transactional funding, which i know will cut into my profit. My questions is do i also have to come out of pocket f...
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I spend a bit of time reading and contributing to different forums... Real Estate, FIRE/Early Retirement, Sailing, Overlanding - and every time I come here to BP I'm left wondering why the discussions/goals I see on ...