Bao Do
Henderson, NV (cash flow vs appreciation debate)
Hi Everyone and Happy New Year!I apologize if this post comes up twice. I don’t think it worked the first time I tried. I am new to buying and holding. I live in SoCal where mls homes do not cash flow positive. I have...
Alex Forest
Savings Account Recommendation: Interest for cash reserves
Where do folks keep their cash reserves, any recommendations on banks or savings accounts, CDs, etc that offer at least some interest? Perhaps an online bank (only) that offers at least some return?Of course, for a lo...
Matthew B.
Personal Vehicle Used (Almost) 100% For Business
I have a personal vehicle that I use almost exclusively for business. If I put 10,000 miles on it in a year, 9,500 are for business. I track my mileage religiously, but accountant always tells me I can't report all of...
Steven Westlake
I have no time, and I found a 2 percent deal, now what?
So heres the basics. I’m a full time landlord and currently building my own custom home ( remodeling a commercial building into a home). So in short I don’t have any time left for more projects for a while. My also a ...
Amit M.
$5 million is the new "millionaire"
well actually $6.4 million according to this Charles Schwab wealth report on the San Francisco Bay Area. Which matches my sentiment that you need about $5 million to begin feeling like a true "millionaire", which I de...
Byron Paille
How many homes is your goal?
I am in my late 40s. I have always dabbled in real-estate and done well. I am approaching it in a much more specific way now. Should be closing on my 6th rental next month. What is the goal number of homes for most of...
Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Sydney Tiffany
Useful Real Estate Vocabulary for Beginners
I found this to be helpful in the beginning, hopefully you will aswell ...
acceleration clauseA clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. T...
Janelle Niles
Question(s) re. "Subject-to" purchasing of homes
Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
Nicholas Alves
LLC vs. Umbrella Insurance on Rental Property
Hello all! Just closed on a property i will be using as a long term rental and am getting ready to rent out my condo as well (Im moving to a new condo). What should I do in regards to having both rentals in my name v...