Rea Cooper
Short term rental in an area going through gentrification
Question: Is a short term rental in an area historically riddle with crime but going through a gentrification/revitalization process a good idea?Context: Hey all! I am looking to get started in real estate via house h...
Robert Chambers
Constant Leverage vs Over contributing
As I am a new investor, I was wondering the difference between doing a Grant Cardone style approach and constantly leveraging your debt so that it is always growing versus leveraging your debt to buy but than using ex...
David Oberlander
Best excuse to decline funding a loan
I've heard of many reasons to decline funding a mortgage over the years but this one is a new one to me.From a HARD MONEY LENDER not a bank. You'll recognize the name when I post it (not now) as they advertise here o...
Mathew Fuller
Where do you park your rental income?
Hello BP,
I have a few questions:
First
I recently acquired my first tenant in a house a hack. Today I opened up a new checking account with my bank, and I either need to have direct deposit setup with a minimum ...
Brandon Koser
Rental Property Reserves
Right now I have a few properties and I am putting offers on more. Luckily I don’t need the income from the rental properties to live off of yet so what I’ve been doing is channeling all the funds after PITI and manag...
Gary Honda
What is the best related Day Job?
Hi all! A bit about me. I’m currently in sales and have 2 years of experience. I have a wife and a 1 year old to provide for. My wife is going to school and a stay at home mom. I’m currently supporting our lifestyle a...
Gilbert Rodriguez
Would I need an LLC for the state I'll investing in?
I am New to RE investing and about to make a purchase in Multi Family property.If I live in L.A but want to invest in property out of State, would I need to form an LLC in the state that I invest in or the California ...
Regan Moore
First purchase - do I do an LLC
Buying my first rental - a duplex in AR. Paying cash. Any advice on to LLC or not? I live in CA so if I should LLC do I do a CA LLC or Arkansas LLC. Thank you!!!
Michael Mies
First deal breakdown and questions using my SDIRA
I’m using my SDIRA to fund the purchase price of my first RE investment:
·Purchase = $74K (w/closing cost)
·AVR = $145K
·Repairs = $25K
·Anticipated Lease = $1,250/mo (NOI of at...
Nicole Heasley Beitenman
Pay off debt or invest?
I read an article in Forbes about paying down student loan debt (https://www.forbes.com/sites/zackfriedman/2017/11/15/student-loans-repayment/), and it brought up a question I've had for a while: pay down debt first o...