I have been told all my life in saving into my 401k that you need to save the maximum that you can. So for many, many years I have been saving the absolute maximum allowed by the government every year into the company...

So I have 6 months of expenses set aside in reserves. Is this an acceptable amount to then increase my cashflow a bit and decrease the amount going into reserves? When below 6 months reserves, I do 10% maintenance, 8-...

Hello all,I have two rental properties in Colorado Springs that were both our primary residence before becoming rentals.  We've had one of the rentals for 10 years and after owning the property for 15 years, the frust...

Hi! Everyone on Biggerpockets,Im currently thinking of selling my home right now that demand & prices are high. Our family goals have shifted from working, saving, buying a home to investing to get out of debt and...

Hey BP Community,I'm a new investor on the north side of Chicago and I am in the final phases of a gut rehab of a condo unit that is my first property. Bought at $155K, $50K rehab, hoping to sell/exchange at ~$215K. I...

What is a good balance between debt and leverage?The biggest mistakes I have made were when I assumed I was strong enough to overcome the psychological effects of dealing with debt. Last year (just after I was on the ...

I know many don't really care about banking situation in our country. A couple sobering thoughts for those paying any attention.
1.http://www.digitaljournal.com/article/283688 FDIC lost money for first time since 1991...

I went to school and earned two engineering degrees (BS and MS). Then, being the glutton for punishment I am, I continued on to law school. This was not a series of random choices. Rather, there was a method to the ma...

Hello everyone!I really want to get into house hacking as soon as I can! Reading real estate books and joining the BiggerPockets community turned me on to the idea of becoming financially independent as fast as I can....

I see comments about maintaining liquidity on the forums all of the time. This is obviously person-specific and represents a risk/reward tradeoff, but I was wondering what people's comments about debt are. I have he...