So I just got off the phone with my financial advisor and he said I'm doing well but he's concerned I'm over leveraged on real estate. He's concerned that if we experience another recession that I will be stuck holdin...

Article:https://www.wsj.com/articles/your-parents-financial-advice-is-kind-of-wrong-11568367000?mod=e2fb&fbclid=IwAR2XL4axyaQpo43fAkn_Q_fWBU3GiHJ9_K6t5c8G6rMnPCfed1KBBXIVhToResponse:Let me set the scene to save yo...

My wife and I are planning to get a second vehicle. We've been able to get by with one to save more money. We're planning to buy our first rental property asap and plan to manage it ourselves, at least to start.  I've...

I am from the Detroit metro area but I invest in Pontiac. The reason why I invest in Pontiac over Detroit and Flint is because the rent margins are simply not high enough for what you are paying for and putting time i...

Hello BP community. I’m looking to get into my first ever property as a live in duplex with a 3.5% down FHA here in Chicago (McKinley Park, Bridgeport, or Pilsen) The problem I am running into is that any properties I...

I have seen some that say carpet is the way to go in bedrooms, but others that say it is too expensive to replace and there are on-going costs of cleaning between tenants. Personally I have the tenants pay for cleanin...

In the thread about the TV show Property Wars, it was brought up about things found in and on foreclosed property.

1. In a recent one there was the last occupant's ashes. I called the relative to come get the ashes...

The context being today's market.Assumption: the new asset would be in addition to your existing positive cash flowing portfolio.Requirement: the new asset’s cashflow cannot be negative.  It must at least break even a...