Twana Rasoul
If you are starting out, DO NOT pay for mentorship
It is pretty amazing to find just how many people are offering "mentorship" for 10s of thousands of dollars to newbies who want to get into real estate. What is more amazing is the amount of people actually buying th...
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
Hello BiggerPockets members. Love his community. Have anyone of you hired Tardus for wealth coaching? They are the creators of the Income Snowball (i.e. Income Snowball, a system of investing in which a person can cre...
Edit B.
California Rent Control
Why is no-none talking about this? It will cap increases to 5% plus inflation and you can no longer evict at no fault after the lease is up. This is a big deal
You can attack financial independence from one of two angles. You can create a strict timeline for achieving FIRE, or you can calculate your FIRE number and take your time with it. Which approach works best, and shoul...
Jay Hinrichs
The 2% rule kills values
As one who had never heard of the 2% rule or 1% or any of the other terminology that floats around BP,, I just became aware of the 2% rule. I was talking with a fellow from Oregon who was lamenting that there are no 2...
Bradley Shuhart
How much negative cash flow is too much
I have an opportunity to assume a loan at 2.5% in a HCOL SoCal community. Even at that rate I will still be losing about $800-$1000 per month with a renter due to HOA & Mello Roos. I'm ok with a negative cash fl...
Joshua McGinnis
My first out-of-state turnkey was a bust (sort of)
Just thought I'd share a story for any others out there considering buying a multi-family out-of-state, sight-unseen, from another BP member who markets and manages properties.I found a deal on the BP Marketplace in t...
Todd Powell
How I Created an Additional $7,000/Mo. Cash Flow in 4 Years!
Writing this to encourage, not brag! In 2001, I started flipping and did maybe 25 or so. It was tiresome, while also coaching two basketball teams, and maintaining my sales manager W2 position! I switched jobs in the ...
John Hickey
How to build a real estate empire in high Crime area
Trying to figure out the best way to close this deal. It's a package of smaller mixed use properties in Newburgh NY. 8 buildings mostly brick 36 units. The gross income is close to 300k expenses 100k. Purchase pric...
Jackson Long
Why is my Memphis investment property losing money?
Hey @Bob Beach and @Xiao Xiao here is the post I promised. I am happy to talk more about any of this at any time. I am traveling at the moment though so you can also fee free to reach out to Ken Klingler or Jack Inm...