James Davidson
401k withdraw & the Coronavirus
With the CARES Act and the ability to withdraw 100% of my 401k without penalty I am very close to pulling it out as a loan to myself. This way I essentially have 3 years to pay it back and when done it still grows. Wh...
Gustavo Juarez
$80k on hand but bank says DTI too high to finance , now what??
Hi all, so my dad recently did a cash out refi on his only rental property and pulled out 80k. He wants to invest by buying BRRRR properties. His plan was to use the funds to put down 20% on two 100k rental properties...
Kevin Swan
Sold a business, have about 1 MM to invest.
Hello, folks! My wife and I are in our late 40s. We have owned a one single-family rental before. We have renovated houses before. We like doing it! I sold a business a couple years ago and will be getting a final pay...
Michael Hanks
Student loans OR Four-Plex? (Dave Ramsey or BP?)
Hi everyone!So My fiance and I bought a SFH in an A class neighborhood with a VA loan and little down last year when the market was "hot". Needless to say, almost immediately we realized what just happened. We then re...
John Matthews
Reconciling Wealth Building with Philanthropy
I was having this conversation with my fiancee last night. We've both grown up of the mindset that it's important to help others, whether through financial means / volunteering time / etc. That said, I am significantl...
Brian Garlington
Any advice for REI in Indianpolis while living in California?
Greetings BP Forum. I was at a BP networking event here in the Bay Area last week and the subject was investing out of state while living in the San Francisco Bay Area. The area of focus was on Texas, but there were a...
Matt Carroll
Can you avoid debt?
I’m currently in the Rehab process of my first Brrr and wondering how to avoid continuing to go into debt using the Brrrr strategy? Or is that just part of it?I’m interested in a multi family unit and advancing other ...
Matthew Kimball
Pros and cons to buying Mother-in-law Rental
I was curious if anyone has had issues owning a rental property that has a mother-in-law unit in the basement. with not having sufficient parking or the neighbors calling the city to say there were multiple renters. ...
Ruslan Kotelyanets
Is it smart to have your first investment be an apartment?
I’m new to investing into real estate. I haven’t purchased any properties but I have been looking and I’m more drawn to multi unit buildings. That being said I am unsure if that is the best route to take and the oth...
Nick Meister
Desire to be Deft Free vs. Saving for Your First Purchase
Hey BP guys and gals!I've got a quandary which I'm sure many recent and not so recent college grads face. I'll quickly paint the scenario.I graduated from university just under 1 year ago. Upon graduation, I landed a ...