Mike Wire
anyone investing in puerto rico
I just heard on the news that real estate prices are dropping like crazy in Puerto Rico due to the state of the local economy. Wondering if that's a good opportunity to start investing there. Anyone on BP currently in...
Dashon Jones
How I use creative financing to get my first 6 units.
Lately I've been going to more real estate meet ups in my local area, and I'v notice a shift change in my presence. When I first started going before I did any deals, I was always the guy asking questions, trying to p...
Andrey Grebenetsky
Newbie from Dallas, TX - buy a duplex or a fourplex?
Wanted to post this to introduce myself and run my logic past people who have more experience than me. Feel like I don't know what I don't know yet so it would be good to see holes poked in my logic here:Hi everyone! ...
Mindy Jensen
FAQ Forum Question: Do I Need an LLC?
Hello BiggerPocketeers!In an effort to clean up the forums, we're creating an FAQ Forum, where the most-asked questions will be prominently featured, along with some really great answers.I need your help!Please take a...
Bill Gulley
How Profitable Is Property Management?
I received a question about profitabilty of being a PM. I thought about it. I've had PMs at times 10% of rents. I'm thinking around here average rents are probably $500, that's $50 bucks plus first months rent.
$110...
Ryan Klein
Reasonable Goal? $3000 cash flow in five years
Hi everyone,My wife and I would love to move to a better house with a bigger yard in five-ish years. I want to find out if real estate investment can get us there. I think we'd need to make $3000 a month more than we ...
Jason Merchey
Doom and Gloom? I Read a Book by David Wiedemer & Robert A. Wiedemer
I read Aftershock, the latest edition, by the brothers Wiedemer. It was fairly dark, much about our economy being a multi-bubble economy, the weakness in housing for various reasons (including the 50% or so cash tr...
Kenneth Goldman
Find a Mentor or Quit?
I have been hammering away at trying to start a fix and flip real estate business of single homes in the Chicago market. I have tried pursuing several avenues to identify opportunity including knocking on homeowne...
Eugene Lavatman
Fastest AND cheapest ways to accept payments from tenants
Hello BiggerPockets community, we have been accepting payments from tenants using Zelle, Venmo and Paypal. Zelle and Venmo requires tenants to have an American bank account. We can receive the payment INSTANTLY and F...
Account Closed
1031 Exchange to Owner Occupied multi-family
I'm curious to know if it is possible to use a 1031 Exchange to go from a non-owner occupied multi-family to an owner occupied multi-family. Are there rules prohibiting that?