Hey everyone ! I’ve posted a few times before but it seems it’s been a while and so many things have changed . Quick summary ! Young guy, owe about 2.6 million in loans in RE , also have a job that’s yields about 200-...
I grossly underestimated maintenance and make ready costs for my KCMO portfolio. Operating costs are through the roof and net income is non-existent in my first year of business. I started with 2 SFH turnkeys which ha...
I'm sure it's been discussed before but I'd like to tell something I see (correct if I'm wrong):a 401k loan should be among the last resorts for borrowing. reason being is you pay it back AFTER taxes. if you live in ...
@J Scott inspired me with his diary of a new construction project to do one of my own. So not to be outdone, I'm actually going to do two. This one will be for a project that we have recently completed. I'll add ne...
Hey B-Peeps! Wanted to do a quick update after leaving my W-2 job 18 months ago today, with some reflections on what those 18 months have looked like and where I'm headed from here.Quick background: I got started in R...
My girlfrIend and I currently rent a 1/1 apartment In San Diego, CA for $1475 ($735 ish each) and I am saving up for my first deal. Considering the high prices in San Diego, should I buy a rental property first and ke...
I'm somewhat new to Real Estate investing, so I analyze lots of deals as a way to learn. I want my analyses to be as accurate as I can get them.I've been concerned about the accuracy of my estimate for Property Manage...
In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...
I am looking at an elementary school that has been abandoned. I am thinking I can turn classrooms into several small pods or rooms like a hostel. put in a pool and some nice common areas to make it kind of a pod resor...
Hi Everyone,Happy Friday first of all!! I recently got divorced and am up to my eyeballs in debt and my credit score has taken a hit (once a gleaming 750, now a less then great 640ish). I am highly motivated and al...