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Any tips on a liquid "investment" that would be advantageous for keeping funds that will be used to purchase the next investment property. It doesn't seem to make sense to keep it in a bank account earning nothing, an...
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Very tactical question, here. I am curious what people are doing with the flow of funds from cash flowing rental properties. A few questions here:
Do you setup completely different bank accounts for collecting rents ...
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Hi BP,I've been saving, saving and saving (did I mention saving?) all of my money since I first joined here in order to purchase my first home. I'm looking to FHA my first 3-family and from then on continuously buying...
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Hello All,
I'm new to BP, and I look forward to meeting many of you! I could use some help to figure out my next steps in this journey to be as successful as you all.
My journey started last year, April 2021 when ...
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It's 2023, what banks do you use to get best high yields on your savings account ? This question is to any investor that needs to park their money in between flips or investments or just anyone who needs to keep th...
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Is anyone aware of any Savings Accounts that pay high yield savings (1.6% or more) that allows you to open the account in your Solo 401k Trust EIN? I would like to be able to put my money to work in such an account w...
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My wife and I would like to buy our dream home next year as our first live-in residence (We’re renting now).
PAST- We bought our first investment home 7 months ago and we have a Hard Money Loan that I'd like to tur...
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I have a job right now making about 2000$ a week. I just started this job and I’m 20 years old. I want to start investing on the east side of Houston around Baytown area using the brrrr method I think. Which ever stra...
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Has anyone tried velocity banking? Does this strategy utilizing HELOC really work on saving money and paying off mortgages much quicker? Are there any downsides to it?
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I'm not quite sure on how to structure my bank account... currently I have a property account and a cash flow account, to separate the cash flow from the expenses, but should I be opening a business account and within...