I'm interested in implementing the velocity banking startegy to pay down debt quickly.  However, I don't own a home or any property for that matter.  Can I set up an LLC for my business and build up my business credit...

Ok here goes.... I’ve finally put some of the useful knowledge I’ve acquired over the years on BP into action. My strategy is buy and hold and I’ve just acquired my third deal. I now have approx $1M in rentals but am ...

I have a fairly steady rental property. It was a former home of mine. I lived in it for 7 years and it has been rented for about 6 years. There still is a mortgage on the property and it has a decent amount of equity ...

Hi all! I'm in process of closing on a 96k rental property and trying to decide btw 15 and 30 year mortgage.  Below are numbers:Purchase price: 96,000Down payment: 20%Interest rate: 3.125% on 15 yr,  3.85 on 30 yrMont...

I wanted to post the story of a rental house that we purchased a few months ago and just got done with a cash out refinance.  The numbers are great and I think they will give some of you the motivation needed to pull ...

There's been a lot of discussion on the forums as it relates to differentiating bad debt from good.  The most common view on BP is that any debt which does not produce investment returns is bad debt.I, for the most pa...

Hello BP Members! I write a regular column for BiggerPockets Wealth Magazine on people's "Biggest Mistakes" in real estate. Do you have a "mistake" story and lessons you learned from it? I'd love to hear it! (Thanks t...

With all the negativity out there about coaches and programs I wanted to take a second to say something about Tom.I totally love this guy!!! Tom totally changed my wholesaling operation in 4 months.He broke it down to...

What is the plan when tenants can’t work and cannot make rent payments? It has already started for me.

HelloI have heard this over and over again from previous investors that lost it all in 2008 and I am starting to hear it right now again. How do these individuats loose everything due to being overleveraged?