Matthew Adams
Clarification on article about using a HELOC to build wealth
Hi,I just read through the article at https://www.biggerpockets.com/blog/how-im-using-helocs-to-build-wealth by Charles Hardage. I'm unclear on one thing, though. Charles said:"Our first HELOC allowed us to save $50...
Mohammed Milord
How do you build cash reserves when you are just getting started as a landlord?
I am in the process of looking at single-family properties for my first rental. I don't have any cash on hand for the cash reserves. Is it important to have the cash reserves already saved up BEFORE you acquire a rent...
Vicent C.
Finance first investment property question
Hi guys, Another newby here. I've been reading, listening and watching for a few months all over the place. I've been in a few Real Estate Investing Meetings locally here in the Dallas-Fort Worth area and I'm really e...
Michael Ilizaliturri
When Can I go Full Time...
I currently have no properties, but am waiting for the moment to where I can go full time property management / or have enough cash reserves saved up to go landlord / brrrr full time. I have saved approx. 590k in cash...
Wesley C.
Where do you keep cash reserves?
There is no right or wrong answer to this question, but I would be interested to know where you guys keep short to medium term cash that you are holding between deals. That is to say, you sell a property and you have...
Account Closed
Making Your Money Work In Between Properties
Hello BP Community!Newbie here and i'm about to close on my First Deal, and i'm very excited! This community has been invaluable in answering questions and providing advice, thank you! While making my plan for the nex...
David D'Louhy
Where do you hold money while you look for your next property?
Any tips on a liquid "investment" that would be advantageous for keeping funds that will be used to purchase the next investment property. It doesn't seem to make sense to keep it in a bank account earning nothing, an...
Mason Blake
How do investors often manage the flow of funds for cash flow
Very tactical question, here. I am curious what people are doing with the flow of funds from cash flowing rental properties. A few questions here:
Do you setup completely different bank accounts for collecting rents ...
Craig Moore
Never wanting to own your rental properties. Is this right?
Hi BP,I've been saving, saving and saving (did I mention saving?) all of my money since I first joined here in order to purchase my first home. I'm looking to FHA my first 3-family and from then on continuously buying...
Mickey Harrison
suggestions on how to keep growing
posted this in the general topic board but figured it would have been more appropriate here.
Some info:
I currently own
1. Primary residence (has a efficiency attached which helps pay 1/3 of expense;mor,tax,in) owe ...