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Would anyone recommend taking on properties only as you can afford to buy them cash? Or is taking on debt in order to secure new properties recommended.Currently I do not like debt because of the obvious cost of borro...
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Hi Everyone! I am so excited to have found this amazing resource to help me begin my real estate investing career. I am 26 and currently work in client account management and know this is not where my heart resides. I...
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I bought a duplex a couple of months ago. Here are the numbers:
Purchase price $85,000 (I put 25% down)
Monthly payment including taxes and insurance is $585/month
Total rent for both sides is $1,...
Hello all.....
I'm just about to buy my second multifamily property and one of the advices that my uncle gave me was to max out my 401k. Now, don't get me wrong, he owns a franchise and also has about four rental pro...
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If you were to make $20K on a real estate transaction would you use it to pay down existing debt such as a car loan or credit card debt, reinvest it into another deal, or a combination of both?
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First, a little about me. My wife and I have had a few really good years with our business so I took the profits and spent the last year building a small portfolio of 21 units in Columbus and Newark, OH. We have quite...
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Hello BP! I've been a pro member for about 6 months now and am proud to announce that I have officially closed on my first deal - a duplex! The gameplan for this thread is to chronicle my progress through the rehab,...
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I've been interested in real estate for over a year. In that time I have read God knows how many books. I have "partnered" with a friend who has hard money connections. I've been going through the pre-foreclosures f...
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Presidential candidate Joe Biden plans is announcing a $775 Billion dollar plan to boost Child and Elderly care. It’s a decade long plan that will be paid for by reducing or eliminating 1031 tax breaks for real estate...
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