Joshua D.
Is it normal to be scared and nervous, even if you're doing well?
So first let me say, my wife and I got into real estate investing about a year ago. I am going to put below the RE deals that we have made, thus far. 1. Duplex- Paid 16k-Worth 35k- Generating $1,280/month in rent2. SF...
Scott Cooper
Theory Question: 10% down, cash flow neutral after all expenses
Hi BiggerPockets,Rental yields in my area are low. To bolster the yields I would need to buy in areas that I would not feel safe managing the properties. Instead, in conjunction with a partner, we have been consider...
Caleb Mclamb
Vet'ing a mentor?
Hello BP,I am just getting started and have been active in my local REIA, I have been approached, about a week after a meeting, by a member who has offered his mentorship and would like to do a deal with a 50/50 split...
William Salas
This is the story of a terrible mistake haunting me right now.
"I'm selling the flower shop" said my retired father.
"Are you sure?" I said with some hesitation.A retail storefront with 3 apartments in Chicago.
Owned free and clear, grossing 5k a month.
Why sell?
He received ...
Nehemiah Wallace
Single income family of 7, some debt but want to buy a rental
Getting a good chunk of change back from IRS and I want to start investing by buying a property in the $80-$90k range ready to rent out but the wife thinks we should eliminate our debt first. Is it a good idea to get ...
Adam L.
HELP Leasing Office Space
Hello,
I own a 5 story office building in Chicago and am having a difficult time leasing it out. I purchased the building about a year ago 100% vacant and proceeded to throw about $750,000 into remodeling mostly the c...
Michael Johnson
Renting to college kids, owner occupied/ how liable am I?
Im planning on buying a single family house in Fort Myers, Florida, and rent it to college kids. Rent out the rooms and I'll live in the garage (dream come true kinda).NOW, if I tell the tenants, "Sure have people ove...
Derek Luttrell
How Often Do Things Really Go Wrong?
Hi Everyone, Pardon what could be a wildly ignorant question, but I drove from Chicago to suburban Indiana last weekend to look at some duplexes, and I am doing the same this weekend--needless to say, I am incredibly ...
Jack Arnold
Save to invest, or get out of debt?
Hi Everyone,I am currently saving with the mind frame of doing a flip to finance a buy and hold and pay off my debt and then continue on with flips and buy and holds after my debt is paid.But..In a recent personal fin...
Todd Krzeminski
Buy and Hold Newbie Accountability Group
Hey everyone!I’ve been a lurker on BP for several months and decided it’s time to get serious. I’m a 39 year old software engineer from Northern Virginia. I’m new to investing, although my wife and I had a rental cond...