Most personal finance pundits will tell you that if a purchase does not produce income and depreciates, it's bad debt. They'll also tell you that you should avoid bad debt wherever possible, buying things like cars up...

Just curious if anyone here has gone through the process yet. Everything that I have read thus far states that loan forbearance payments will be due as a lump sump at the end of 30, 60, or 90 days. In other words, you...

There is always much debate on if an LLC is needed. I have one. Only because someone told me to hold my properties in it for protection. I paid a lawyer to draft it and I signed it, and filed it away. I read most o...

I just wanted to say THANK YOU BP!  If it weren't for this forum I would not be attending this course "How To Make Money Wholesaling Bank Owned Properties!" given by a local Real Estate investors group.   This board i...

Hello,I have a question about whether property manger is at least partially responsible for repair costs on bursting pipes due to heating being off after tenant abandoned the property.  The property manager for one of...

Hello Everyone!I know that a college education isn't exactly necessary to get started in REI, but I am currently on my way to getting my degree and figure I should go for something that would help my endeavors in real...

Hello friends,
I am currently under contract with my first STR in northern Michigan. The location we chose will be a 4 season rental (skiing, snowmobiling, boating, fishing, golfing) with lake/dock access. Our offer ...

Newbie here. I listen to the BP podcast almost every day, and I notice that Rich Dad Poor Dad is suggested by a large number of guests in the Famous Four, or at least referred to frequently.I've read the book and I th...

I recently met a potential tenant that I fell in love with. Very sweet personality and she was excited about the uniqueness of the property. I checked her credit score and it was not great (595), has a history of some...

Shock, Anger, Denial, Depression, and Acceptance…These are the 5 stages people go through during a traumatic event.About 2 years ago, I had my traumatic event when a family member’s health took a serious turn for the ...