Austin Sharp
Depreciation: Real Estate Profesionals
Hello,
I am a real estate investor, real estate professional and a CCIM in Amarillo, TX. I took bonus depreciation through a cost seg study on the properties i bought, and generated a paper loss of ($370,000) M...
John Wijtenburg
Is "live below your means" really good advice?
I think a lot of people have trouble reconciling an abundance mindset with the omnipresent, "live below your means," advice.To achieve great success, we're told that we must take risks, act as if, and spend money to m...
Selina M Stone
Saving Money from paycheck to paycheck
How would I be able to save paychecks when we need grocies, something I buy on the weekly, and buy things I want but dont need? Like candy, junk food, etc. I dont have full control on where my money goes when it comes...
Tim Coppola
Is it worth keeping refinancing in mind when remodeling?
Does going "bigger" when remodeling a rental unit make much of a difference if you plan on refinancing? Is it worth it to spend an extra $7-10k above your budget now to get hardwood floors throughout instead of using ...
Matthew Cervoni
Looking for a good book to follow "The E-Myth"
I just finished "The E-Myth" and could relate to so many examples the book gave over this last year. My bookkeeping business helping real estate investors, agents, wholesalers, and contractors (shameless plug) is grow...
John Franczyk
Perspective on Foxconn under the new political administration
The local Racine newspaper published its speculation on whether and to what extent the Foxconn development will be affected by the incoming political administration in Madison: https://journaltimes.com/news/local/foxc...
James French
Pace Morby sub two mentorship/course
Hello BPI recently talked with someone from Pace Morbey team about a course but it’s extremely expensive. Does anyone know someone or has experience from taking his class! It sounds really good but the cost!! Thanks f...
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What to do with Operating Expense Reserves
Like a lot of newbies here, I was surprised to find that operating expenses run about 50% of your rent collections. My question is, what do you do with all that money. Obviosuly you are not spending hundreds of dolla...
Max T.
It is a good feeling in RE when....:
You spend on the purchase, you spend on the renovation, you spend on the holding costs..... and then the money flow changes direction when you get that first tenant deposit. What’s yours?
John Hall
Newbie in need of some advice!
Hey BP
Need some advice for a newbie who's just getting started. I recently closed, this friday!, and will be house hacking a 2 unit building in Chicago in a B/A+ area. The purchase price is right around a fair mar...