Just heard about a friend of a friend who is using a HELOC with the intention of paying off his home quickly. The basic idea is that you use a HELOC to pay off your original mortgage. Then instead of having your free ...
Real estate investors tend to be goal oriented and have a long term outlook.
Have you set a goal for net worth? Number of units? Equity? Passive income?
What's the number you are shooting for? Is it...
Hey BP community! I would be very interested in your thoughts on feedback. Here's my question:At what point do you believe it is wise to stop reinvesting your cashflow into more properties and start focusing on princi...
I bought a primary residence (new build) in 2020 for $255k with $50k down. My residence is now worth about $470k, but I have very little cash in the bank. I figure there has to be a reliable way to use all this equity...
My analysis shows I gain zero income on these high-end townhomes I just spent 3 years building. They are new builds so I expect repairs to be minimal, but since my GC was such garbage (and his subs) there is a risk of...
Dear Good People of Bigger Pockets,Hello! My name is Mark Solomon and I’m an American born in Philadelphia, now living in London since 2006. I moved here with my wife and daughter to work as a film editor of animated ...
So, there is a thread out there about a newbie wanting to buy a Lambo and given that he just started, and had no money at the time, most people consensus is that buying a Lambo would not be a good idea at that time...
I am trying to calculate potential returns on a short term investment property, specifically a Pensacola Beach rental. I’ve nailed down rates per season but I’m not sure how to figure occupancy. For those of you tha...
I have been trying to find a decent deal with good cash flow and cap rate in Texas for a year and seems less and less likely; Dallas and Austin. Worry about OK city, although tempted sometimes to commit there.
The cap...
Knowing how to budget is one thing. Knowing how to budget for a pricey pregnancy and future family is another. So, how do you smoothly go from a couple used to saving thousands of dollars every month to a family with ...