Monica Evans
rental property vacancy savings
Hi Everyone,I have a question about saving for vacancy on a rental property. My husband and I are analyzing numbers and are struggling with this concept. For this example, rent is $1400/month. If we are saving 5% per ...
Grant Otting
Tips for My First House Hack?
Hey, BiggerPockets members!My name is Grant, I have recently been studying real estate and planning for my first deal once I'm out of school. Currently, I am saving money for a down payment once I have a deal lined up...
Clementina Reynolds
removing PMI or paying off higher interest mortgage or saving/investing
Hi all--Mortgage 1) interest rate 3.5%, $10k left to remove PMI (purchased as residential, now use as an investment property)not cash flowing, but will be if I removed the PMI (cash flow would be like $50/month)Mortga...
Justin Atkinson
Pay off rental or buy more?
I am trying to decide what I should do. Most of the advice I receive is to first build up a good portfolio of properties before even thinking about paying them down. Leverage being the most common advice I was curious...
Andy Paul
Saving for the next property and projecting an investment timeline
Hi Everyone, I am planning to buy my first home in the next 1-2 years that I plan to keep and rent out as I buy my next home 2-3 years after that. Once I have purchased two homes, one where I live and the other that I...
Hanan K.
Reinvesting cash flow or focus on principal pay down?
Hey BP community! I would be very interested in your thoughts on feedback. Here's my question:At what point do you believe it is wise to stop reinvesting your cashflow into more properties and start focusing on princi...
Heidi Thompson
Just starting, seeking any advice
Hi everyone, my husband and I finished reading "Rich Dad Poor Dad" last month, and since then we have been watching youtube videos/listening to podcasts every day about investing. I also signed up for an online Robert...
Patrick Rabalais
What should my Down Payment be?
Looking to get in to my first deal. Targeting a single family home requiring zero to minimal repairs to rent out. The goal of the property will be cash flow. My thought is to hit a 70% LTV (which makes my down payment...
Ben Staples
High efficiency boiler in a triplex?
I have a three unit buy and hold property in Malden Massachusetts that has a separate gas fuel forced hot water boiler for each unit. The boiler in unit 2 needs to be replaced. The state of Massachusetts offers 7 year...
John J. Stoia
New to the real estate scene
Hello everyone,I am John. I am new to real estate and have been reading the book How to Invest in Real Estate by Josh and Brandon. I do not have any real estate experience, but I am excited to learn. I am 25 and worki...