Well. I lost my job today. Nope, I didn't quit. I was laid off. I was working for a company called Gulfstream. They had to lay off 1,100 employees, and I was one of the unlucky chosen. So... What to do now?I really wa...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/559735/small_1621492596-avatar-pcx.jpg?twic=v1/output=image&v=2)
I primarily flip houses at this point, but I also need to pick up some rentals for the depreciation and of course the passive income. That being said, I do not want to have my money tied up into rentals, when I could ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1418957/small_1694929730-avatar-isaacj21.jpg?twic=v1/output=image&v=2)
I think that multifamily (2-4 units) is one of the best types of properties to invest in especially when first getting started change my mind.
How many of you are aware of your personal balance sheet? While, I don't worry about pennies, I do track my balance sheet.
A personal balance sheet is slightly different than a business balance sheet.
Major Elemen...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/99424/small_1621417000-avatar-buylow12.jpg?twic=v1/output=image&v=2)
I had someone bring up an interesting business plan after my recent trouble with purchasing a HOA lien that was thought to be a first mortgage. The idea would be to purchase HOA Liens and then rent the property out ti...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/64783/small_1621413571-avatar-tbodley.jpg?twic=v1/output=image&v=2)
Live on? If I only bring home $700 every two weeks to pay monthly debts that are more than what I earn monthly, can I afford to get my own place to stay? I have loads of debt and I know my current debts and the debts ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/4738/small_1621347135-avatar-barnardinc.jpg?twic=v1/output=image&v=2)
I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).
So the ques...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1127857/small_1626888117-avatar-kayleebp.jpg?twic=v1/output=image&v=2)
First-Time Home Buyer: The Complete Playbook for Avoiding Rookie Mistakes is available now!
@Mindy Jensen and @Scott Trench have been buying and selling houses for a collective thirty years. In First-Time Home Buye...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/wordpress_blog_post/image/17745/OTM_139_YT_20230918-2-3e2mlc.jpg?twic=v1/output=image/cover=625x330)