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Hey :)
so the basic rule for a good REI is most of the time
100% finance w/ a cashflow of 100$ per unit
but what is wrong w/ buyin RE which is breakeven cashflow wise?
simple example:
-no downpayment
-100k credit a...
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I own two properties, (one was bought and one we built) both are duplexes. Everything I listen to and most of the forums on BiggerPockets it seems focus on 30 year mortgages. However, in my area (central Nebraska) I...
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Am I crazy with my new plan?
I have a home that I refied 5 years ago. I refied 90k for 10 years at 4.4%. I Now owe 55K and have 5 years left. My payments are 1200 a ...
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Hello BP Members,I live in Los Angeles California, and today I have completely got rid of all the debt I have. My question is “ now that I’m free of debt, what are my options to make the most out of my situation? How ...
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Three of us are planning to buy a single family home or duplex for a buy and hold plan this summer (or before). We know we most likely need to take title in our own names for mortgage purposes, but then want to transf...
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Carl Fischer had reminded me of an article I wrote two years ago. The gist: Wholesale deals in retirement accounts will get crushed by the IRS once they get around to auditing them.The Mazzei Roth IRA Case – An End ...
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Good evening Colleagues,
I join BP just about 2 weeks ago and this is my first post . I sent out a Yellow letter to a owner of a small Commercial building in the Bronx , New York back on November 20 and 4 d...
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I'm 18 and have no credit history. I've only worked 2 part-time jobs so far and am starting a new one in July. I have sufficient funds for down payments but I won't be able to get any mortgages and I don't know how...
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I gave my tenant a 30 day notice in the beginning of May and gave her until June 30th. She is asking for an extension. I told her no. And now she said she can’t move until the 4th. (Plus has called me a lot of not n...
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Hey all. I'm looking for a place to live in a new location, and am considering purchasing a duplex I've found that's FSBO. I originally looked for a property to buy for several months, then resolved to renting, but fo...