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Listening to Robert K (Rich Dad) and his partner Tom Wheelwright they said you can take money out of your 401k and take the penalty, but then buy a rental and depreciate it the first year to offset the loss where you ...
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Hello all, I am new to the forum and decided to become active. I have read enough posts here to know that this forum has some very experienced and knowledgeable investors who may be able to provide some insight regar...
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I have a deal where the numbers are good (11-12% cash on cash) but it is in a rough neighborhood of Philly. I am confident in my screening abilities, but still concerned about the tenants and neighborhoods of this are...
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Anyone here doing Mid term Rentals in Las Vegas ?
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Good Morning,I have reached out to a wonderful investors real estate agent and have read the book " The Millionaire Real Estate Investor " which has given me a good introduction including Mindset, Charts, an Understa...
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Hi all, I recently started an informal real estate group with some old college friends. They are all looking at strategies to use for their first deal and many of us are leaning towards a house hack to reduce the amou...
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Need advice... TLDR: What to do about a tenant who is now my direct competitor on AirBnB ?Long:I bought an AirBnB property with 2 rentable units: a 1-bedroom MIL cottage, and a 3-bedroom custom home, in a small, sea...
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Hey BP,
Some back story;
I work for a new home construction company here in Lubbock, TX. I’m 24 years old and when I started was consistently encouraged to buy a home as quickly as possible for specific reasons. Fas...
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Ok folks,This seems like a no brainer to me, but I'm not too proud to run it past people more experienced to make sure I'm thinking propertly. I am closing on a 3BR, 1BA, 1,000 sq foot home in 4-5 weeks. The house is ...
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I have been reading blogs, listening to podcasts and "lurking" on BP for over a year now. We are ready to start investing but can't decide where to start. We have about $65k set aside to invest in real estate and ca...