Hi everyone, my name is Michael and I'm a 15 year old from New York. Over the past year or so I've been trying to get into real estate but there's always a problem with either the strategy or my age. I looked into B...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/298046/small_1621442582-avatar-etong.jpg?twic=v1/output=image&v=2)
Let me take a deep breath before telling my story...I bought a bank-owned two-family on auction for 460K, 100K-120K below the market price. Before the auction, I knew the property was occupied but I didn't know the id...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1309071/small_1621511204-avatar-tinaa34.jpg?twic=v1/output=image&v=2)
I was impressed by Quest Trust when I went to their Expo in September of 2022. Based on speaking with them their, I paid a rather hefty fee to transfer my solo 401K to them and have it reinstated and the fee covered ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2105653/small_1650847614-avatar-rodneyl46.jpg?twic=v1/output=image&v=2)
The urge to get into real estate pushed me to invest in a 6 unit building in a neighborhood that I didn't think was that bad. I thought, the cash flow could be good so why not. This was a year ago. Now, my PM is strug...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2335463/small_1694855546-avatar-kvs.jpg?twic=v1/output=image&v=2)
A turnkey home for 100k renting for 1k (1% rule) would net you worse than the stock market 16 years later. I went back through my 1099s and calculated my return and estimated closing costs, federal taxes, capital gain...
![](https://bpimg-biggerpockets.twic.pics/no_overlay/assets/uploader_default_urls/4_news_item.jpg?twic=v1/output=image/cover=625x330)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/182136/small_1728924093-avatar-scotttrench.jpg?twic=v1/output=image&v=2)
A recent article that I wrote on the BP blog received some criticism because I suggest that a 401(k) is one of the best ways to increase your net worth.This strategy was criticized by a couple of readers and I thought...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/684855/small_1635546641-avatar-ryane43.jpg?twic=v1/output=image&v=2)
Hey guys, I made a mistake and am looking for some advice. My wife and I bought 2 properties in the Joshua Tree area - one in 2021 and one in 2022. And while the first one started out great, there has been a huge slow...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1707032/small_1621514927-avatar-mashika.jpg?twic=v1/output=image&v=2)
My inspiration for real estate investing came from reading Rich Dad Poor Dad. I was so intrigued and held captive by every word in the book that I read it in less than 24 hrs. (It would've took less time if i locked m...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/270353/small_1621438823-avatar-ericd989.jpg?twic=v1/output=image&v=2)
Hello all! I am sharing my RE ideas with my mother and other close family members and I receive no support. Only comments such as bad tenants, you will go broke and save your money. No one thinks like me or likes to t...