Is it better to manager your property YOURSELF or have a professional like Contractor, Handyman, or Property Manager? For those that have a variety of rental properties and like to play the field with finding new deal...
I'm just finishing up reading "The E-Myth Revisited" by Michael E Gerber.There is a TON of useful and applicable information about business. He talks a lot about making your business with the mindset of making it a fr...
I just inherited a 2 bedroom 1 bathroom house that is free and clear and am struggling with what makes the most financial sense. I see 3 options1) Owner occupy (would have no mortgage)2) Use it as a rental (could rece...
I've been listening to the "FIRE" community stating that it's best to max out pre-tax accounts and when you retire early, doing the conversions over to a Roth. This is assuming you will have a low enough income to be ...
I’m trying to start my brrrr empire. However I’m looking to also get into a house to live in for the time being that is closer to work. I have never owned an income property before however I have found a multi fami...
Theory question here, curious as to everyone's thoughts.$155,000 purchase; $50,000 rehab; $350,000 ARV.Would you rather: A: Fund the entire thing on your own, $205,000 + $3,000 closing costs.B: Pay 7% I/O, and put dow...
My grandfather passed in the last year, and he left two properties to my mother to inherit. My mother is looking for me to manage the 'family decisions' when it comes to these properties. I've been learning a lot abo...
I wanted to share something I created, and would also like to get feedback. Like many people do, I invest in several geographical markets, but wanted a way to visualize the expense breakdown of exactly where my money ...
Here is my situation:Bought a house in 2012 for 230,000 put down 20% and owe around 177,000.The area has appreciated greatly and the house is currently worth 350,000.We currently use this house as a rental property an...
Hey all,
I bought in Hermosa predicting with the population of folks moving west of Wicker Park due to its high prices. My thoughts are Logan>Humboldt> and hopefully Hermosa. Opinions? Hopefully I made a good d...