Thomas Lorini
BP Newbie - Looking for Advice/Input on a Recent Purchase!
Greetings BP colleagues!Being a new BP member I thought I would seek some INPUT/ADVICE from other members on a recent purchase I did....wish I was a member sooner to ask before I closed.So I just closed on property (6...
Account Closed
have you fixed someones credit?
i took a course last year on finding tenants who want to purchase a house but they can not due to bad credit --> lease optionsi have a paper that shows me how to fix their credit. basically i file a complaint. 1 l...
Marylin OShea
Pay off loan before 30 year vs. invest money elsewhere?
I'm working on my first deal, due to close May 12. Got a 30-year loan, and I am interested in paying it off sooner (I chose 30 over 15 to have the flexibility). My strategy is to buy & hold.Now, I'm trying to figu...
Ariel Darby
Business credit v FHA for downpayment cost?
What's worse business credit minimum payments or PMI /MPI payments? Is that the same thing MPI and PMI lol? Might be a dumbass question?
Kenn C.
Contractors Request More Money Than Estimated Cost
Who pays for unexpected costs that arise for a contracted job? The contractor estimated a job, performed the work, then came back with additional charges to cover more work that was performed and/or materials.Do you h...
Bryan Clement
Multiple cash flow streams
Hey, so my wife and I are having a discussion about what is more important. We are swimming in debt, but we are swimming quite well. I want to build up multiple cash flow streams by sending a lot of money to investmen...
Jeff Libby
Paying off mortgage early or reinvesting in other ways
I have been wondering what would be a better strategy, making two extra mortgage payments/ year or using that money elsewhere. I'm going to use a basic mortgage calculator for the doing the math on this example.If I h...
Jeremiah Russell
Setting aside reserves and expenses monthly or creating lump sum?
Which scenario is better? Scenario 1I have a rental home where I set aside 35% of my rent each month for vacancy, repairs, capx, property management, etc. The rest of the rent goes to paying down the mortgage, and m...
Is a six-figure salary enough to achieve FIRE? If you’re working towards financial independence, you know that any extra money at the end of the month can help propel you to your goals faster, but with inflation eatin...
Steven Frey
Extra money - focus on 1 of 5 mortgages or a little for each.
I have a few properties and positive cash flow. I was trying to decide if I should try to 1) focus on paying off one mortgage or 2) spread a little to each loan. I have a long term perspective on them all. I have a ...