This is something I hear real estate investors talk about all the time. Their goal is to build generational wealth for their kids, grandchildren, great grandchildren, etc. They believe by building a good real estate p...
My first rental is a B class SFR, Rent 1500/month. I put all new finishes and it LOOKED really nice. I went to do my first rental inspection after 5-6 months( while doing a walk through with an appraisal company to BR...
Hey everybody! I just wanted to pop in here, introduce myself, get advice and connect with other like minded individuals! By day I’m kind of a superhero and work as a Child Welfare Social Worker :) and by night I’m i...
Hi All!I'm a new member to BiggerPockets and a newbie in real estate investing.Originally from Chicago, my wife and I are currently located in Southern California though we will likely relocate in a couple of years. W...
I'm getting hung up on part of the BRRRR strategy, can somebody explain it to me like I'm a small child?
Example: I buy a 40k house, put 8k down and spend 15k on rehab. Now it appraises at 80k. The bank lets me r...
I live in NY and own a couple multifamily properties. I have a formal meeting with new tenants where I go over what I expect from them and what they can expect from me. One of the things I tell them is my business hou...
I'm looking for your thoughts or alternative ideas about this. (I will put my own disclaimer here for my own and anyone else's posts. Not I, nor anyone posting is a legal professional, etc.)The details, quick and di...
We recently put our home up for sale and oops, it sold within a week (not yet closed). We've been thinking of moving out of the area for awhile to an area with more job opportunities (not currently employed, wife is r...
Hi guys!You have helped me a lot already to understand things about real estate. I have realized that I have been doing things wrong...(Like negative cash flow on my two rentals, etc) ...So I figured that may be you c...
I'm wondering how people with multiple rental properties structure things like insurance, LLCs, bank accounts, etc. I currently have each individual property under a separate LLC, with its own bank account, and its ow...