Hi everyone!After a lot of learning & reading I've made my first offer on a 4 family building in Brooklyn, here are the numbers:Price: 1.28M (FHA 3.5% downpayment = 44.8k, closing costs = 32k -> total money dow...
Hi there! I have an auto loan of 3% and a remaining balance of $10k. I have around $11k in my savings account and I was thinking of using that to pay off my loan soon.Other than my car and mortgage, I am completely de...
Hello BP,
First time poster! We are a military family that has picked up a few rental properties along the way. Our area was recently affected by Hurricane Michael and demand for housing SKYROCKETED!!! I previously h...
Hello,
Can you use your 401k money or IRA money to purchase a real estate investment and keep the cash flow now? I see all over the internet a short answer of no, but what about the following situations:
1) example:...
Very soon I will be beginning the process of purchasing my first REI property.
Important back-story information:
I have a full time job as an engineer and currently work in Colorado. I will be purchasing...
I am 21 years old and a Real Estate Junkie. I quit my day job for a full-time night job, and another day job. I am a house mouse , a residential real estate agent primarily working with investors (big eyes a...
What's up, BP? At the beginning of this year, I started investing in Kansas City. Wanted to talk about three reasons why I choose to expand into the Kansas City market and three things to watch out for when embar...
I've read several of the blog's with regard to "house hacking" including @Scott Trench's experience with his first property as well as @Darren Sager's podcast on his duplex ventures, and I've decided this is the path ...
Has anyone seen this report from the Guinn Center? Meet Kevin also did some discussion on this topic. I feel like most landlords here on BP got above 80% rents during this crisis, but I'm sure there are many mom and p...