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Hello everyone,I've been spending the last 2 Months or so listening to as many BP podcasts as possible and reading recommended real estate books. There is a lot of information to take in so I just wanted to get some i...
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My wife and I (23 and 25) have been listening to audios, podcasts, reading books, etc. for the past couple of years while getting into a position to buy a property with the intention of building an empire. We lived in...
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Probably should have started this earlier. I’m a few weeks in, but I’ll split the post up so that it flows a bit better than a giant long read.Been getting all sorts of RE education through biggerpockets and my local ...
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Hey everyone,
As 2024 comes to a close, I wanted to share my experience managing a 3-flat in the Ravenswood neighborhood of Chicago during my first year as a landlord. It’s been a wild ride—full of challenges, lesson...
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Thought this would be fun to expose some of the financials and situations of my current rental.I purchased a duplex in Gloucester City, NJ in July 2018; I've had it now for over a year.Here are the initial numbers:Pur...
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Hello,
I'm seeking advice regarding a new construction property I built in Columbus, Ohio. As a background, I have a well-paying job and am not in immediate need of cash. I'm not taking significant risks with new pro...
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This is the most basic budget question. My wife and I use Mint.com to track our finances and we just finished sitting down and looking at our spending for the year. This gives a really good place to start for a budg...
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I've been looking for my first multifamily property and I found a fourplex that just popped up on the MLS at $330,000 getting a net rental income of $2500. Looking at the 1% rule the price is way over the rental inco...
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Short version: 4 adults (family) rent our Townhouse on a 3-year lease. "Bob-The Son" gets hooked on heroin, vacates the property, returns to steal everyone else's stuff to pawn for drugs, gets arrested and goes to jai...
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I have a kind of an odd questions for fellow landlords or if anyone is in the insurance side.Last year when Irma hit South Florida, I suffered quite a bit of damages on a number of my rental.A particular one is a mult...