Steve Schneider
Real Net Worth (Scott Trench model)
Hi everyone,I just finished up @Scott Trench book Set For Life. I was just curious if anyone has calculated there Real Net Worth as he describes it in the book. If so I was hoping to get some advice on a few questions...
David Levesque
Growing Wealth, but accumulating more debt?????
One thing Brandon preaches a lot is growing your portfolio. Buying 1 small multifamily opens the door to buying another and then another, until eventually your portfolio reaches over $1M. Ideally, you should be making...
Henry Clark
Fed Deficit and Fed Interest Rate
Intentionally waited till after the elections to ask this question. I’m looking for actual info. Anyone jumps on with political agendas I’ll dog them. Was watching a YouTube and they mentioned the fed can’t increase t...
Eric H.
Help Eric improve his debt-income ratio....PLEASE!!!!!
Greetings BP Fam,I have over 250k in debt (credit cards, mortgage, school loan, car loan) and I’m only bringing in about $400/month. I haven’t had W2 income in over a year and my wife is working part time. My LLC is a...
Richard Yerger
Getting out of bad debt
Today I read a great book. Some may know it "The Richest Man in Babylon." I am a store manager for a pizza place. I make a little more then 50k a year and I am always broke. So today I figured out my low and high of m...
Dave Mills
Leverage NOT ideal?! Is it?
I have a rental property that is paid off, I want to use the equity to get another one. However I don't understand the concept of buying bunch of properties with equity, isn't that creating more debt? Your cash flow i...
Drake Turner
Start now or wait a few years? Purchasing Rental Homes
A little Background: Currently 21 years old. Bought a foreclosure at 19 for $39k, remodeled for ~35k, just appraised at 100k (went a little overboard on the reno and it is overbuilt for current comps). We are in the p...
Angela Johnson
"Subject to" Transaction - Realtor Listed Property
I have located a property that is a candidate for a "subject to" transaction. However, in this case, the property is listed with a real estate agent. Any creative suggestions on how to compensate the realtor?
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
When evaluating a potential real estate investment, both the Debt Service Coverage Ratio (DSCR) and the 50% Rule can be helpful tools. However, they approach financial health from different angles.
The 50% Rule is ...
Shane Short
Financial Advisor - Portland, OR
Hello,Does anyone have a financial advisor in the Portland, OR area that they highly recommend? I'd like them to be able to cover a broad range of financial advise including real estate, stocks, retirement planning, c...