Julie Nordendale
Landlord schooling
Hi, I'm not only new to BP but new to real estate investing. Over the next year I plan on saving for a down payment for a multi family property that I plan on buying and holding. In the meantime I want to learn as muc...
Ray Harrell
Water meter and bill...am I paying too much?
This is for Chicago landlords with 3 flats. I just received my water bill and it has doubled. I'm billed every two months so presumably I have a meter, but all my bills say estimated. Since I've owned the building (la...
Ryan Riches
Should I house hack a multi-family, or invest out of state?
Hey all, a year ago my wife and I bought our first house (primary residence) and started renting it out on Air-bnb to make some extra income to pay off student debt. Simultaneously, I started listening to bigger pocke...
Kyle Ashmore
What is your Financial Independence number?
What is your FI (Financial Independence) number?
How to find your FI number: Determine your annual spending in retirement, yes, you need to have a budget! Multiple the above number by 25. Example, if you require $60,...
Account Closed
Best way to finance your first investment property
Much of the advice I read says the best way to start investing is to live in your first home so that you can go FHA, making it a little easier to get started (lower down payment).My situation is unique in that my boyf...
Nathan Gesner
What is your experience with AirBnB as a guest, not a Landlord?
Have you stayed in a few AirBnB rentals? VRBO? Have you stayed in the big city and then compared that to a place in the country near a tourist attraction? What was your experience?I've stayed in a dozen or more AirBnB...
Roger Mills
Avoiding fraud from internet private lenders
I have been communicating with a "private Lender" who is willing to lend me funds for a particular project. Having never met him, I'm looking for advise as to how to check him out for legitimacy. He sent me a copy o...
Dominik Perrenoud
How Do You Not Let Your Expenses Grow With Your Income?
Hello financially intelligent peopleHow do you not let your expenses grow with your income? This question has been on my mind lately due to significant changes in my financial situation (for the better, luckily).Let m...
Tim Ball
Do I need a sprinkler system for my rental?
Hello All,I am purchasing my very first rental. I am excited and I am sure I will have more questions in the near future for you seasoned landlords. The house that I am buying currently does not have a sprinkler sys...
Mark Hu
Why most association members extremely passive?
After buying a condo, I have learned that 95% of the condo owners here have absolutely no interest or participation in the association. I recently spoke to some friends who own a condo out in Irvine, and they also pay...