Hi everyone, newbie here. I'm planning to buy my first investment this year. I'm trying to do as much due diligence as possible to protect my investment and assets if the real estate market crashes in the future.For b...
Hello BP community. I’m looking to get into my first ever property as a live in duplex with a 3.5% down FHA here in Chicago (McKinley Park, Bridgeport, or Pilsen) The problem I am running into is that any properties I...
Would like to hear from others on this one.Often, when I tell someone about an apartment building located in a class C neighborhood in NYC, the first question they ask is whether I carry a gun when visiting the proper...
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
I attended a Rich Dad “Learn To Be Rich” Academy this weekend, and while it was fresh on my head I wanted to comment on my experience.
It seems that the response across the board has been that the training is a scam,...
I bought a duplex and feel like I did everything wrong from over spending on renovations to who I hired for contractors. The learning curve a killer but now I am stuck on unloading my burden selling it to break even o...
I just purchased my very first home in March. It’s a two-family and I fixed up the downstairs and moved in this April. Upstairs tenant has been there for 4years with various sketchy roommates. He has refused to prov...
@Brandon TurnerHey Brandon!What's better: a 15-yr mortgage or a 30-yr mortgage?I can still cash flow just fine with a 15, so I decided to take it (PITI with the 15-yr is $550/month, while it is $350/month for the 30-y...
I'm curious what note investors that are on this forum have been buying, selling and holding notes for at least 10 years and have bought, sold, and held at least 50 notes successfully?Just curious, because in my limit...
We started looking into investing in US real estate a few weeks ago.We're looking to diversify our investment portfolio. Right now, it's all in the stock market (mostly index funds). Listening to the podcast, reading ...