Ihe O.
Contrarian Landlording
I have never paid more than $30k for a house.I have never run a credit check or asked for a credit report on anybody who has applied to rent any of my properties.I have never asked a tenant for their SSN, DOB or any o...
Mike McGuire
LLC for each property?
My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property. I have just one property currently, but I plan to purchase a...
Vic Vega
Help me analysis my BRRRR report! Please :)
Ok so I wanted to see if I could bounce my report off of some of you seasoned investors. Couple things to note...I low balled the ARV by about 5-10k since banks usually don't give market value appraisal for refi's. I ...
Vincent C Riccio
Experienced MF investtor take on 50% rule
Listening to the BP 50% rule (50% of Rent Roll goes to expenses, remaining 50% is your income minus mortgage) I realize the point being emphasized around cash flow and evaluating properties. I am wondering from experi...
Russell Brazil
Be Greedy When Others Are Fearful
Be Greedy When Others Are Fearful – A Lesson From The Financial Crisis
“Be fearful when others are greedy; be greedy when others are fearful.” – Warren Buffett
There is a lot of fear in the market place right now. T...
Fernando H.
Pay off Debt for higher DTI Ratio or Invest? HELP!
Current Debt.1 SFH: rented - $200 positive cash flow after paying off mortgage2 Duplex: rent one and live in another: $200 positive cash flow afer paying off loan3. SFH: *currently rehabbing* - free and clear - ARV 70...
Giovanny Garcia
Should I do the full 20 years
Hello BP! I am an Active Duty Army Staff Sergeant (E-6) currently at 9 years 5 months Time In Service with 10 months left of Active Duty service. This will put me at exactly 10 years 2 months TIS. I am struggling w...
Brendan Chisholm
The progress to acquiring 50 units in 2020 - January Update
In 2020, I want to share my experience with the Bigger Pockets Community of finding, vetting and (hopefully) acquiring 50 units.
The new decade did not start off the way I envisioned it. My team and I had a 25 unit a...
Alex Locklear
2nd mortgage in a short sale
I'm getting ready to start a short sale package. The owner has a first mortgage of 344K (including back payments, lawyer fees, etc) and a second HELOC of 135K. House was appraised in September of last year for 620K. H...
Victoria Radcliff
Over pay on a mortgage?
On your own personal mortgage (or rentals) do you may more that what is asked? I have all my friend that pay $100 or over the dollar amount required when their mortgage. Do you do this? If so, why? If not, why?Thanks ...