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If you have cash, should you use it or is it better to use leverage if you can? So far, I've almost exclusively used cash to build our small portfolio. My goal for the year was to fully replace my current after tax ...
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Hey BP!So In my continued research into real estate investing, I came across Turnkey Investing. They offer a lot of positives for the investor who is just starting out or is looking into part-time investing. I know ac...
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As a business owner already, I have seen many say, "You are so young, how did you start?" "Where did you get the funds to do it?" or "Where did you learn what you know about business?"I answer all the questions as hon...
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Background...I'm in Memphis Tennessee and I've done a fair amount of research, enough to know that I need to jump in already. I have a little knowledge of my market and a little knowledge of real estate. I have a de...
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I’m considering cashing out my 401(k) and IRA funds to invest in more real estate and would appreciate any advice or insights on whether this idea is viable.
Current Financial Situation:
Significant savings in 401(k...
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My partner and I just closed on a three unit the end of July. We purchased the building from someone who was not a good landlord. Two of the tenants in the building are still on his year lease. The lease is very vague...
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Hi there!I'm contemplating adding a bedroom with a bathroom into my single-car garage space... nothing major, just a simple space conversion. Has ANYBODY gone through the permits process and done this? The costs from ...
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Hi EveryoneAfter reading through many excellent posts, include the "Diary of a New Construction Project" by @J Scott and @Joshua Dorkin, I thought I might add our voice here on BP. I am proposing to track the entire l...
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In 15 years in the biz I have not met someone who got sued and was saved by having an LLC. Every new investor gets hung up on asset protection and there is an entire industry catering to asset protection. There must b...
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My "mentor" told me to stop chasing FI and to get a secure job. Should I fire him? What should I do?