Recently, I have struggled with this notion. I am not purchasing 20 unit complexes or BRRR'ing hotels. I am not cashflowing $200k/yr. nor am I buying $1MM worth of real estate in one year. In my 2 1/2 years of inves...
I am looking to fund my first rental property as soon as possible but am running into a few financing snags. Applied for a HELOC at local credit union but they’re saying it’ll take 8 weeks to finish process due to app...
Hello BP family,Questions up front. Is this a good idea? Are there REI actually doing this? anything else to include in the contract to ensure I get my money back?Story:I been out of REI this year since i believed hou...
My dad and I are trying to figure out to purchase this house as a rental property. The house is already rent ready but it could use a bit of repairs if we wanted about $5k - $7k worth. The seller is asking $120k and t...
Hi when planning on how much I would need to save for my first purchase should I include closing costs or is it paid thru the loan
Hello AllI am considering utilizing the equity in my properties that will create enough income to cover the expense of the heloc and make a decent amount of money. For example my home has $200k available to pull on a...
Hello everyone! I am finally at the time when I feel ready to purchase my first investment property. I have a couple of houses picked out that look great when I run the numbers. I am pre-approved to make the purchase...
Hello all, I currently plan on house-hacking my first property within the next year or as soon as I can. I will be moving to either Austin or San Antonio, depending on which is a better fit. I am currently working ove...
I’ve left an employer after 9 years and have $100,000+ in retirement sitting in a 401K. I’m undecided on what to do with it. Move it to IRA. Roll it over to new employer. Cash it out, pay the penalty, and buy more rea...
I am about to close on my first rental property. I am planning to create an S corp from the advice of a CPA. My question is, I've been searching for 5 tradelines for my new corp to get Paydex credit. However, I think ...