Michael Lee
First buy-and-hold deal in the books
Hello all,I'd like to share some info/details about my first buy-and-hold deal that I recently completed to get some feedback on not only how this one went but if I should follow a similar gameplan moving forward to p...
John Acklen
At what point does it make sense to bring Property Mgmt in house?
Hi All - We're looking to start growing a multi-family portfolio in the Midwest and I'm trying to line up property managers to handle the units so I can keep my focus on acquisitions and development, but I'm not findi...
Chris Calabrese
Anyone choose to pay penalties instead of quarterly taxes?
After my first year of self-employment, I have found out that the interest rate on underpayments is currently only 3%. Does anyone intentionally not pay quarterlies, knowing that they can invest that money and make m...
Michael Dorey
Type A personality required?
So I dont mean the title literally. But just wondering how those of you that are successful at this have overcome your fears. I read a lot and listen to podcasts and just about every success story has so component o...
Demiss Shippley
House Hacking in NYC
Hey everyone, I live in Brooklyn, NY and I am looking to house hack. I was wondering if anyone can give me some information/guidance if getting into house hack in NYC (expensive market) is doable or what kind of asset...
Keith Fowler
Quit my Job, Cash out my 401K, buy more RE investments.
I'm just days away from closing on a duplex . The rental portion of the duplex will cover my mortgage and upkeep.When I quit my current job I want focus on my small business and also supplement my income by cashing ou...
Brennan Doherty
Recent college grad just starting out
Hi everyone,This is my first post on biggerpockets in a couple years, and it's going to be a long one so bear with me! I'm looking for advice on how I should get started.Im 23 and I recently graduated in January with ...
Gardy Saturne
First Rental - Negative Cash Flow & Questionable Property MGMT
Hi Guys,I am an out of state investor that purchased my first duplex in Cleveland, OH last year. I'm already negative cash flow on this rental because of unexpected repairs and tenants not paying. After turning over ...
Julie Marquez
Fresher than Mint - Tracking Personal Finances
I highly recommend that people track their personal finances, especially beginners that are just learning about real estate. I use (obsess?) mint.com, but there are lots of platforms and other's that have come up in f...
Jason Kim
Setting Up LLC Under Different State
Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...