Hey BP, I was just wondering how property management worked. Say I bought a 4 unit or whatever it may be. Can somebody give me the basics? I see people saying something like 10% of the income on the property? O...
I'm over 59.5 and about 5 years away from retirement. I may work longer, not sure. I currently own a rental condo that still has about 85K on the mortgage wth an $800 mortgage payment. Current value on the condo is ab...
I'm brand new to this forum and I'm amazed at how supportive this community is of one another. I'm about 100 podcasts in on both Bigger Pockets podcasts and the How to Money podcast combined, plowed my way through the...
What is everyone's favorite method to finance down payments?
So we bought a rental, 30 yr amortization, monthly payments. Is it worth increasing payments to 2 per month, bi-weekly, making extra principal payments to reduce the mortgage? We've allocated expenses to everything we...
Let's say I live in California and make $255,000 of taxable income, from my advertising company. I want to buy a duplex with all cash that would start paying me $2,000 a month after all expenses have been paid (other ...
I live in Abu Dhabi, United Arab Emirates (UAE). I purchased 2 off-plan studio apartments in a span of 6 years, without taking a bank loan. I paid cash in full from my saving (proprieties are worth about 300k$ now). M...
What is the best way to manage positive cash flow? Do you put it all back into the mortgage or save for future deal?
Three years ago I received a free/clear house on 2 lots and some money from family in my home state (currently active duty USAF). I immediately repaired anything wrong, updated the house and rented it. With the remain...
I've come across a deal for an 8 x 1 BR 1 BA unit apartment complex at 100% occupancy with rents currently under market value. It's near a hospital that employs a lot of travel RNs and a small university so I'm confi...