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Happy Friday! Cheers!So my wife and I are both teachers in NY. We grossed $251,000 last year on our w2s and we file jointly. We purchased 2 rentals properties (2 duplexes) last year and with the work/renovations ...
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Hey BP, I'm not sure if this question has been posted before. But I'm in the midst of reading @Scott Trench's book "Set For Life" (awesome book btw). I'm at the part where he talks about "good debt" and "bad debt" and...
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I was wondering if I should put my personal residence in a land trust, any info on the pros and cons would be appreciated
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I'm wondering if anyone has had to give a personal guarantee on their existing debt in order to obtain more financing?
I currently have (1) FHA mortgage, (3) Freddie conforming mortgages and (5) portfolio loans thr...
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Hi all,I'm just learning the ropes to REI, and had a question. Should I clean up my personal finances before I even think about investing ( improve credit score, decrease debt, increase savings account..etc)??? Thank...
Hey guys and girls, My grandpa and I recently bought our first rental with Basically with cash ( he carried a small note something like 20k). We create an LLC to run the rental and control the finances and such, the L...
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BP Community, I have an LLC and liability insurance on all 5 properties with the goal to purchase more. I also have a personal umbrella policy. Do you think a Commercial umbrella policy is required vs a personal u...
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We recently acquired a property in California via tax deed sale. The property was left abandoned with a vehicle and some other belongings. Has anyone dealt with this in CA? Also, not an issue with this property, b...
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I'm visiting with an insurance guy tomorrow to discuss moving my properties under a commercial insurance policy. As part of that, to get the rates we discussed, I would need to bring my personal insurance over as wel...
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Hey everyone. My 2 friends and I are looking into a short sale opportunity with a lot of promise. They are each just finishing up their first flips, and looking for their next. I am more into buy and hold, and h...