Hi all.... I own six properties and my goal is to purchase 2 more by the end of the year. I also work FT. I need the health insurance benefits my job offers. How do you all manage health insurance? Do you buy your ow...
Hi all!!I think I know the answer is yes, but I want to get some input.If I profit $10k (or any amount) from rentals and invest all that into the next rental purchase to add to my portfolio, do I pay taxes on that $10...
Hi everyone…
I see people on the boards here speaking about paying off mortgages on their rental units, as if that is a desirable goal. What do you think?
My first influence in pondering owning rentals ...
My husband and I are DINKs with a plan to retire early, well go to very part-time, that seems too easy, and I'm hoping the experts (you!) can help us vet this plan.I'm 39 and my husband is 46. We live in Austin, TX an...
Hi BP,
I am currently attempting to analyze a 10 unit multifamily property and I would like to request for the information necessary the first time around. So far this is what I have:
1. Property price = $625,000
2...
I am wondering which is a better option. Is it better to pay a tenant to take care of certain things around a duplex or should I charge the tenant less rent? I am wondering from a tax advantage point of view. If I c...
I'm thinking about getting an owner/builder worker's comp insurance policy so that I can engage a few guys to do a condo remodel for me. I want them covered with workers comp to avoid any liability lawsuit if anyone g...
Hi guys, so I’m fully renting out my first multi family property and now I’m living in my second multi family property (house hacking). I have separate checking and saving from my personal life which comes from 9-5 da...
Good morning BP family. Please take a look at thge 2 properties I am considering. I personally think they are both deals, but can't afford to buy them both at the moment. If I had a private money relationship, that...
I’m in my 20’s and was wondering what someone my age should have saved up by 30 in order to be able to retire early by age 40.I contribute to 401k and Roth IRA but I’m more interested in hearing peoples opinions on ho...