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Hello BP Community! My question today is surrounding the accumulation phase of the FIRE journey. I am about ten months into my first job since graduating college in May of 2017. I live in Boston and have a pretty dece...
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Are there any specific rules for saving/Accounting for Capital expenditures? I want to get a better understanding of how much should be put aside each month for Cap Ex. Also if it is possible is there an example that ...
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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...
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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...
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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...
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...
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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 ...
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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...
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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 ...
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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...