Paul Zierk
New Member from Racine,Wisconsin
Hi Guys and Gals,
My name is Paul Zierk and I'm from a city in southeastern Wisconsin called Racine. My wife and I actually live just outside of the city, in the county, in a place called Franksville. Racin...
Kyle Myers
Should I cash out my IRA for my next REI?
Should I say goodbye to my IRA?Details: I'm currently 30 (no kids) and my wife and I plan on retiring with a decent "pension" at 42. To maintain our standard of living and travel the world like we want, we will need ...
Mark B.
Should newbie go all in with DM? Have savings, lots of free time
Hi BP, I'm new (have been a BP listener since 2015 though) and I'm fully committing to RE now, through wholesaling. Still in school but finishing part time to be able to give more focus to RE. The goal is to hopefully...
Ramiro Rodriguez
Applicant screening (too many kids?)
Hi guys, just started my journey and I have put my first rental on the market. It’s a 3/2 SFH and I have one applicant that has 5 kids. In total there would be 7 people living in the home. If I were to deny this appli...
Michael Bender
What to expect for $1.5-2.5M buy price in apt complex.
I'm looking for feedback on two items. Expectations on what I can get, and experience needed to execute.I have two scenarios. I'm selling one property and cash-out refinancing 3 others for a total downpayment of ~$350...
Navroze Pirza
Tenant Not Paying Rent and Hiding Behind COVID-19
Hello everyone,I'm facing a problem, which I was hoping to get feedback on....
I have a tenant who is refusing to pay any rent (not even partial rent), since April 1, 2020 due to COVID-19. He is receiving CERB, but s...
Lisa Ryan
First-timer Goals
I've been working on establishing what my goals are. The first time I spoke to my realtor she asked me if I'm more concerned about appreciation or cash flow. I told her I want it all. I want the property that's ...
Matthew H.
At what price is this a good deal?
Hi everyone,I am practicing running numbers on buy and hold investments and would like your help.Here is a duplex (two 2 bed 1 bath units) in Princeton Junction, NJ.https://www.zillow.com/homes/for_sale/NJ/pmf,pf_pt.....
Tom Kaz
30yr fixed or 5/1 on my second investment purchase
Happy Sunday BP!Just recently got approved for my HELOC on my primary residence and plan to purchase my 2nd 4-unit building and am pretty stoked about it! I've got two buildings on my radar and plan to see them this w...
Tony H.
Need help with depreciation
Hi BP,I cant seem to find an answer to my situation here, unless I missed it. Here is the problem. When I acquire the my duplex back in 2017, the tax assessment for the land was about 50k.I subtracted that from my pur...