Jared Cruz
Use savings account for auto loan early payoff?
Hi there! I have an auto loan of 3% and a remaining balance of $10k. I have around $11k in my savings account and I was thinking of using that to pay off my loan soon.Other than my car and mortgage, I am completely de...
Taft Love
Unsecured line of credit - follow up
A week or so ago, I posted about my financial situation and asked a slew of questions. I thought it might make sense to follow up after visiting the bank.In the last post, I mentioned that Episode 239 gave me the idea...
Melanie Stephens
Seeking Biggest Mistakes and Lessons Learned Stories (Again!)
Hello BP Members! I write a regular column for BiggerPockets Wealth Magazine on people's "Biggest Mistakes" in real estate. Do you have a "mistake" story and lessons you learned from it? I'd love to hear it! (Thanks t...
Tim J
Is this scenario realistic?
I put the following tirade together to show my friend how real estate beats the market (equities, stocks). The scenario below is the actual property I purchased last year. Please let me know if I'm off on my assumpt...
Seth Hochberg
Best Way to Pull My Money From Retirement Accounts
I'm new to the real estate game, and I'm making a hard pivot in my financial strategy on where to allocate my money. All my life, my financial aspirations have been to max out my retirement accounts, but now I am tryi...
Seth Larson
Tenants breaking leases due to pandemic
So Ive had my first Covid-19 related event happen, One of my tenants had her hours cut at work and had her roomate loose her job so she cannot make rent anymore. She needs to break the lease and move back in with pare...
Joseph Cornwell
My first Rental property!
Hello Biggerpockets!I have discussed some of the details on my first project in other post, but I wanted to give an update on my first intentional investment property. A little background on me: I have always wanted t...
Jim Sharp
What part of you do you feed with all the negative commentary?
I watched another board I was a member of turn completely negative. It drove long time members away. In fact, it got so bad they wiped it and started over, of course without a few clever folks who were asked not to ...
Leslie Coxon
Bird Dogging: Other Legal Questions
I just got done reading the post "Attention Birddogs: This is a Must Read For You! (7 Steps To Get Started Now)" There was a question raised about the legality of bird dogging. The conclusion was basically to check ...
Brandon M.
Who do you issue 1099s to?
Who do you issue 1099s to? I have flipped a few houses this year and want to make sure to do everything right from a tax perspective. I know I saw where you should issue one for anyone paid over $600, but in that case...