Anthony Tse
Condo Offer Accepted but No financials to provide
Hi All,First time posting in BP, long time reader/listener. I found a reasonably priced studio condo in a great area in NYC. It is a small 3-story elevator building- 14 units in total. My offer was accepted but the s...
Finnegan O'Connor
Funding a deal without W2 income
Hey all! Looking for some feedback on my financing plan for my first STR propertyBackground info:I have just graduated from college, where I ran a business for the last two years, and am going to continue doing that a...
Mariah Smith
Seller financing on land purchase - ideas for constructing offer
I am looking at purchasing a 12.4 acre lot near Southern Pines / Pinehurst NC. The land is 'horse country' and the lot is particularly desirable because of its close proximity to a 5,000 acre land foundation dedicate...
Myranda Miller
Fort Worth Texas Newbie
Hello! I have been a finance professional for 10 years, and am entering the world of real estate now because it is my passion. I sit for the Sales Agent exam in a couple of weeks, and am also working on funding, plann...
Zach Wilson
Planning to use 401k funds to purchase home to rent
I’m new to real estate and on course to get my license but I came up with an idea on using funds from my 401k to purchase an home so I can rent out to tenants. Thoughts and feedback pls!
Jennifer Hamon
Do funds in a 401k plan count as cash reserves?
I live in a HCOL area (Boston) and am aiming to get started on a house hack next year. My situation is perhaps a little unusual in that I have a relatively new big tech job where about 50-60% of my compensation is com...
Matthew Creel
529 Plan or Rental Property to Fund My Kids College?
In talking with a close friend of mine about my personal real estate investments in 2018 he informed me that he and his wife are seriously considering investing in real estate as opposed to funding a 529 plan for thei...
Justin C.
Question abt general operating funds and how to plan accordingly
Hi BP,I have 6 buildings and 9 units since starting Dec 2014. Portfolio CAP of 14% with saving for taxes, insurance, utilities on a few, 10% maintenance, 8% vacancy, and 10% CAPEX. Monthly cashflow is $850. My quest...
Vicki X.
HOA scam??? Always keep the records and the receipts!
I received a nice looking Fedex envelop this morning from a TX law firm called holttollett. They said I didn't pay my HOA fee and had become a defendant. As a result, my $290 HOA which was due Jan 2023has turned in to...
Skyler Flintall
Raising Private Money
What’s up BP!? I’m trying to figure out strategic ways to raise private money. I know some people with capital but how do I get them on board? Whats the best method of attraction that’s going to make them say “I’m goi...