Brie Schmidt
HELOC payoff strategy
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...
Chris Harper
Top 20 Objections to REI
Howdy! This might not be the proper location for my question but the people I look up to most tread this section. I recently read in Malcolm Gladwell's book "The Tipping Point" (pg72) that "what separates a great sal...
John Lyszczyk
Why is Lumber so Expensive?
I noticed some BiggerPockets members asking about the rising cost in lumber and plywood, and given my background, I figured I wood (haha) weigh in on this subject. I currently work for a lumber company and I primarily...
Andrew McGuire
Appreciation Over Cashflow...Will Get You More Cashflow
I know this title might be confusing but this is what I tell new investors or friends when I meet with them. Cashflow Should Not be the only thing you Consider when Buying Rental Properties. Like many I started my Rea...
Russell Brazil
All Of My Tenants Have Nicer Cars Than Me
I was picking up the rent from one of my tenants tonight, and it occurred to me when they pulled up....every single one of my tenants has a considerably nicer car than me. Also almost all of my tenants (Except the one...
Shiloh Lundahl
Would you rather have 10k a month in passive income or $1,000,000
I read a post on linkedIn from @Travis Watt, a fellow BP member, that posed the question, "Would you rather have 10k a month in passive income or $1,000,000? I thought it was a great question and I think it merits a ...
Minna Reid
Upcoming Housing Crash?
I ran into this video which mirrors a lot of my thoughts about what's about to happen. IMO I think it will take a little longer then he predicts, but otherwise this seems spot on. Thoughts?https://youtu.be/ZFXObY99bXg...
Sterling White
What is stopping you from making your first deal?
Hi Everyone, I am looking for obstacles that are holding investors back from accomplishing their first deal. Leave some comments below and I will do my best to offer insight. -Thanks for your input Sterling.Other expe...
Jonathan Greene
What Was Your Worst REI Blunder of 2019?
We spend a lot of time at the end of each year celebrating our successes in REI and planning for an even better year next year, but sometimes we forget to take stock of our worst move of last year. Understanding what ...
Scott Goulet
When do your rentals typically start making money/making sense?
Hi everyone! I'd like to say in a fairly experienced investor, still a newbie at heart though. I have 8 doors over 3 properties. 1 specific property, I purchased in 2019 and in 2019 I took a net $9k loss, and in 2020 ...