I now understand the 50% rule but I am unclear about cash reserve. If you have a house you bought following the 50% rule how much cash reserve do you recommend having for the what if's? Is it necessary?

Heather

Hey everybody!  Just wanted to share a quick bit of success that I had.  Here's the backstory...I've been living in my current area for about 2 years.  Like everybody here, I keep my eyes peeled when I'm out driving, ...

Hello BP contributors.  I have ventured into the world of Hard Money Lending (HML) in the past couple years and have only done 1st Position DOTs on residential real estate in AZ and MO.  I have come across an "opportu...

Hi everyone,This past summer I worked with BRRRR to finance an investment property purchase. The experience with BRRRR was not positive, but it may have been the rep, Dominic, that I worked with and not the company. I...

Well BP Family, I quit my job about two weeks ago.  Every time the job would take away the overtime, I would be at a financial stand still and thus, would not have the ability to build onto my RE portfolio.  So I told...

Hello guys, does anyone in the Denton,TX or surrounding areas know how to obtain a list of Tax Delinquent properties? I went to the Tax assessor's office in Denton and they said they couldn't provide me with the list ...

It looks like Dodd-Frank will be amended or sent on its way  Good news http://thehill.com/business-a-lobbying/331926-hous...

Ultimately, stock investing simply can’t surpass multifamily investments when it comes to cash flow. While there may be a select few companies that pay comparable quarterly or monthly dividends to shareholders, they c...

Hello BP community. Thanks in large part to BP, I purchased my first duplex this summer in Western Maryland. I look forward to helping others on BP reach their goals as I have been helped. But I urgently need advice a...

Hello guys,
I'm a newbie and want to do my first deal as "Subject to" existing finance on property in foreclosure.
Where can I get a good template or contract with favorable contingencies?
Any help or advice is great...