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How many people are financially free on here? For those of you who are, do you still work or are you "retired" and living off the cash flow? If you are financially free, which method did you use to acquire it? (ie buy...
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What are the options and advice for a landlord who has a tenant who states that she has had a heart attack, and she is already late on 2 month's rent. Assuming she's stating the truth, and giving her the benefit of be...
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I took a contract job a month ago in Phoenix where I organized as a 1099 contractor for tax benefit. Now lenders won't give me a loan. I am in the same industry and could switch back to W2 for a big hit in income. I w...
About a year ago I took over a lease on a 5 bdr house in hollywood. I put about $8K into the deposit and turned the dining room into a room and am now making $700 month in income from this situation in addition to no...
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Long story short- I am wondering if I am in a position to get started with real estate investing or if I should take care of debt first. Single income (married with kids) and own primary house with $250k+ in equity. A...
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My tenant has a boat in the yard. This is a single family residence. It has a smallish driveway (1.5 cars deep) and smallish yard. The boat (which is not covered) is at the far back of the driveway but since the yard ...
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We have an inherited tenant. Her and her husband had been there 5 years. He was a landscaper and they traded landscaping services for rent with the previous owner (whom we know). Last November we purchased the propert...
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Background:
I just turned 40. My net worth is 3.2 million. 1 million liquid cash, the other 2 million is equity in my houses including primary residence and rental properties for a total of 8 properties. Cash flow i...
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Economic Update(Monday, February 1, 2021)
I’m starting to really like these Executive Orders. Consider this; in less than eleven days, President Biden issued over 50 Executive Orders, including; rejoining the Worl...
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I purchased a brick rancher on 2.2 acres in a desirable part of Spokane, WA. I'm in the process of getting the property subdivided. It's been surveyed and so I'm about to submit everything to the county. I had a pr...