Sherrie Tullsen-Chin
Saving for house hack...where to park savings?
Hi. I'm saving for my first house hack and trying to find the ideal place to park my savings. Criteria are: liquidity, safety, tax protected, return, and able to pull cash out when it's time to purchase. I opened a Ro...
Marcus Trujillo
Single or multifamily starting out
Ok guys I am brand new to bigger pockets and am really excited for the future of investing. I am currently saving for my first property and am saving $1500-$2000 a month to get the first down payment. I drive semi and...
Ali Aldhanhani
Newbie Rental Proprties Questions that I'm looking an answer for
Hello BiggerPockets community, I'm a new newbie to real estate invsesting and in the past few months I have been learning so much about it so I gathered some questions for topics that I did not understand well and I a...
Taylor Rider
Such a thing as too much Brrrrrrrrrrr?!?!
Im currently in the refinance of a Brrrr! (woop woop!) Looking at the numbers (using the BP calculator duhh) I will have $19.91 of cash flow after all the boxes have been checked, PM, maintenance, cap ex. ect. I need...
Brandon Morgan
using home equity or HELOC as a down payment?
does anyone have any experience with using their current homes equity for down payment on another home? I have a lot of equity on my current home and was thinking of taking some out in the form of a HELOC as a down p...
John Roeder
Cash Flow allocation?
Hey guys and gals! I am a newbie and after tons of research I think I have narrowed down my market. I am excited to purchase my first rental and I am at the point where the only thing left to do is pull the trigger, b...
Eric H.
What do you do about reserve money?
Do you set aside money each month into a savings account for reserves? Is it unwise to rely on a HELOC on your primary residence for when any repairs come up so that you can plow all of the income from the rental pro...
Michael Lamb
IRA to Fund My Down Payment
I've always done the responsible thing, of putting money into my 401(k). After a few job moves, I have two IRAs and a 401(k). I've never really been saving for anything, other than retirement. With that being said,...
John Sween
What's the move here... Advice?
Option 1 – Regular Saving/ No new action
Save approximately $7,000 per month. To reach the same $90,000 would take almost 13 months of savings.
Option 2 – Cash out of my primary residence / Buy quickly if something ...
Amir Navabpour
Driving down insurance premiums
Curious why peoples opinions are on maintaining full coverage (with Lower cash flow) vs driving down your coverage to improve cash flow. My increasing my deductible from 1,800 per property to 5,000 per property I can ...