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I'm wrestling with cashing out my 401k and I'm wondering if this is something I should do with mine and my wife's 401k. The purpose would be to push it into real estate. Total we have about 70k in our collective 401k....
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My boyfriend and I are looking to purchase 5-10 properties in the next 12 months that will be then rented to Section 8 tenants. If we find good financing, we can purchase the houses in the next few months. This is in ...
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Hey Everyone!
One of the obstacles I've been working to overcome is learning to speak the same investment language as both the people I buy from and sell to. Below, is my opinion of neighborhood breakdowns on how I ...
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The LLC debate rages on here at BP. Rarely does a day pass without an investor asking whether they should use an LLC or not. Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is ...
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It has been agressively stated here on BP that operating expenses average 50% of gross rents. I have posted many times that while that may be true with some properties, it is not accurate or appropriate to use this pe...
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Hello, I have been following and searching threads on the Smokey Mountains. I am going to have some funds available soon, and am very interested in this area. I am just looking to get an update on expected gross incom...
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Hello,
I'm new to BP and was just wanting to get some opinions.... Have any of you ever used auction.com to purchase foreclosures? I see postings from them it seems like everywhere and I just want to know...
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Hey Guys,The name of the game has always been leverage for me. Building wealth can absolutely be accomplished by using credit, OPM, etc. Every now and then, I come across that investor who buys his properties all cash...
Ok here goes.... I’ve finally put some of the useful knowledge I’ve acquired over the years on BP into action. My strategy is buy and hold and I’ve just acquired my third deal. I now have approx $1M in rentals but am ...