Juwan Parker
What to do with my first $25k
Hello all,I am starting out on my journey to financial freedom and REI.I am a recent college grad starting my first real job at the start of 2019 in Birmingham, AL. I have begun reading Scott Trench's Set for Life and...
Seth Michael Carp
Use stocks to invest in my first property?
Hey I'm Seth and recently I have been putting most of my money into stocks hoping that in the next year or so I could use the money to start house hacking, I am working and make roughly 1000 a month as I am still in h...
Steve S.
Should I buy a warranty for my new rental?
What are the key criteria to consider when deciding if one should do this or not?I put 30% down. Should be looking at 25% cash on cash for the property on an annual basis. Home is 37 years old. Kept in pretty good s...
Addam Driver
Underwriters... OMG! Really!?
Hey BP!Now I know that underwriters need a BUNCH of information to confirm finances. But some of this is ridiculous. I'm working on purchasing a Duplex. I've been uploading all necessary documents.The underwriter h...
Max T.
CapEx savings account
Just wanted to share how glad I am about having started a separate savings account for capital expenditures. I did a quick calculation, estimating the remaining lifespan and cost to replace of the primary components i...
Brandon Reiter
RentApp.com - Has anyone used it??
Dont' worry, I have NO affilliation with this website.
It seems like the real deal. Does anyone currently use it?
Mahmoud Y. Elhalawany
How do you guys keep your capex and reserve accounts?
Hey guys how do you keep your capex/vacancy/repair/reserve accounts? Do you guys create a different account for each property to keep track of it better? Do you keep different accounts for capex and a different one fo...
Robb Werner
Best Place to Put Money Short Term (2-3 years)
Hello,
Over the next 2 years, I'm going to be saving 50% of my W-2 income. I'll be using this money after the 2 years as my "savings cusion" and maybe a downpayment. I was thinking instead of letting it sit in a savi...
Leo R.
Preferred methods to store cash
Hey folks, I'm interested to hear how people prefer to store their cash (i.e.; cash that they need to have very quick access to).As we all know, most methods of keeping cash (e.g.; savings accounts) are getting hit wi...
Tuan Tran
Cash liquidity strategies
I’m currently parking my cash in a high yield MMA in anticipation for my next acquisition; however, I feel that inflation is rating it away. What are your strategies to keep it liquid yet still have your cash work for...