Russell Butler
New investor from Texas
Hello all. I am a 32 year old construction manager in North East Texas. My wife and I bought our first home 2 years ago and through modest remodel we have added $20k in equity. I have been interested in real estate in...
Greg Miller
New Member
Two years ago by chance I stumbled upon a young personal finance expert and had an ahh ha moment. It became abundantly clear to me that I didn't have an income problem but a SPENDING problem. At that moment I set out ...
Shannon Elam
Investing after debt relief counseling
Has anyone had success in real estate after filing bankruptcy or going through a debt relief program? I am thinking of doing a debt relief program to get a fresh start.I have a SFR that is currently rented out on an ...
Account Closed
Ramsey vs Kiyosaki - To borrow, or not to borrow?
I am a big Dave Ramsey fan, and I have been for years. I am debt free, except for my house and intent to stay that way. Well, at least I intended to stay that way. I recently read Rich Dad, Poor Dad. Robert Kiyosaki's...
Liz Mojica
Student Loan and Conventional Financing
Good morning everyone! I've recently started the venture of real estate where I'm looking to buy a multi-family property to avoid paying a $1,350 monthly rent I've been paying for 1 year. To me it's time to move on a...
Greg Baker
New Member - Rochester, NY, What would you do with $10,000?
Hello everyone! Recently, I stumbled across BP while googling "save cash for future down payment or pay down current mortgage?" While searching for an answer to my conundrum above, I started to learn simple vocabula...
Eric Ching
Monthly Cash Flow vs CoC ROI
I'm analyzing a deal in Austin, TX that I would be buying all cash. I plan on holding long term and need some help. After putting the numbers in the calculator my monthly cash flow will be $700/mo. However the CoC ROI...
Jeff Weissman
Can self-directed IRA buy/sell real estate?
If so, I assume all cash flow (in & out...that is, income and expenses) must come into and be paid out of the IRA account, yes?
Advantages/disadvantages?
Samantha Miller
Pondering the DTI Ratio...thoughts?
Just a thought, and curious as to others' thoughts on this as well...I've been thinking about the DTI (debt-to-income) ratio used in lending decisions. For those unfamiliar, lenders typically will not lend to a borrow...
Hannah McBee
Buy 1st duplex to house hack or pay off debt?
I have $14,600 available to either pay off a 9% interest rate personal loan or put as a DPymt on our 1st property. Currently our Debt to Income ratio is just over the limit to qualify for an FHA loan. We dont have acc...