Ashley Rogers
Should I rent or sell my condo?
My condo is in Minneapolis. The value is approximately 190,000. I owe 64,000 on it and purchased it at 145,000 4 years ago. My monthly payment is $1,200 (including HOA-275 and taxes) and I could likely rent it for $1,...
John Hartman
Maximize profit on spec home and other questions
I am just getting involved in real estate investing and think I found some land that could be very profitable to build a spec home on. I am in Virginia and found a development with several lots selling for around 5-15...
Jason Schmidt
pay off existing house or buy rental property first?
I am VERY green when it comes to real estate investing. I am a homeowner (have been for 3 years now) of a house that I paid 122k for. I have the mortgage down to $107k, and plan on paying as much as possible on it to ...
Account Closed
Philosophy of how much to put in 401(k)?
Hey guys, this is a relatively simple question, and it may have been asked already numerous times, but I think with the new upcoming tax changes it may be worth considering again. Would you guys recommend that I max m...
Jim Peckey
Best way to accept rent payments & separate finances?
Hello good folks of BP,My wife and I will be closing on our first owner-occupied rental property (duplex) in May 2019 and I'm trying to do as much up front leg work as possible to prepare for us being new landlords. ...
Dan Johnson
Getting electrical work done without a license
Recently bought a 4 unit multifamily home in Louisiana. This is a C-/D+ property. I need to get some electrical work done which consists of: 2 new electrical panels, 2 new dedicated circuits, adding several new plugs,...
Joe G.
absentee landlord: Keep Renting or Sale
I am trying to decide if I should keep renting a home or if I should sell it and invest the equity.Below are basic facts and then concerns I have.3 Bed 2 bath rancher with one car garageFenced in backyardBuild in 1997...
KaSandra Shirley
Newbie from Indiana wondering if now is the time?
I have been reading Rich Dad Poor Dad and it really has got me thinking. I would love to start investing in real estate but my family has me convinced now is not the time and that I need to get out of debt first. I am...
Daniel Emison
Multifamily investing or pay off 300k in student loans
I know similar questions have been asked before, but feel my situation may be a little different. I m trying to decide whether to pay off 300k of student loans over 3 years or stretch it out to 10. If I stretch it out...
Justin Wotton
Newbie From Connecticut
Hi all! My name is Justin and I'm from Connecticut. I am currently working as an engineer but have recently been introduced to the idea of financial independence. I always hated the idea of having to work until typica...