With home prices still very high and interest rates now high too, is anyone actually cashflowing on newly acquired property? Even the 1% rule doesn’t seem to work anymore Example: assuming 20% downPurchase price: 250k...
Hello everyone!As the equity market gets more and more unpredictable i'm looking at putting money in real estate rental properties. This will be my first deal and venture into real estate. As i am living in NYC curren...
I’m grateful for any insights folks can provide on current interest rates for an investment property. Do the following rates (issued in the past few days) seem especially high:
For a single family rental home:
+200,...
Hello,I recently got pre approved and now looking at properties to house hack in the Chicago land area (suburbs). As I’m going through the MLS I’m coming up with my questions for the realtor. My questions for you all:...
Concealed carry and gun laws are becoming growing topics. With that being said, should a landlord of a multifamily unit (5 plus units) make his/her building a Gun Free Zone (if the state law permits)? Should the lan...
I think most of BP would disagree with Ramsey's advice about real estate and debt, but there is one bullet here that states "Real estate should only be about 5% of your portfolio." I understand (but don't agree with) ...
Hi all,My name is Matt, I am 25, and looking to begin my journey to financial freedom. If there is something I see the most regarding building wealth for retirement, it is to start early. So that is exactly what I a...
Ok so this is probably not going to be an easy read, and i primarily write this down to make sense off my own thoughts, but i thought why not let a few of the great BP minds participate and maybe together find a satis...
Hi Everyone,Just Curious is anyone picking up property in Detroit? if so why? if not why?
I'm reading a book by Robert Kyosaki entitled, "Why A Students Work For C Students and B Students Work For the Government". I agree with most of his views of our public school system, the dangers of an entitlement so...