My wife and I are very serious about starting our rei business. We don't currently have a property although we have narrowed down the market and have been looking at a lot just haven't found the right deal. Only thing...
I've read a lot of the forum posts, blogs, and am on podcast 131 (working my way through them), and paying off properties early vs. paying them off over the life of the loan seems to be a fairly divisive topic. Befor...
I think most of BP would disagree with Ramsey's advice about real estate and debt, but there is one bullet here that states "Real estate should only be about 5% of your portfolio." I understand (but don't agree with) ...
I think a lot of people have trouble reconciling an abundance mindset with the omnipresent, "live below your means," advice.To achieve great success, we're told that we must take risks, act as if, and spend money to m...
I'm hoping to get some perspective from people here on an experience I'm having in current markets. I would like to put some money into a property that can bring in some cash flow, or at least break even, and I want t...
Hi, first post here and excited to read everyone's thoughts. I am 18 years old fresh out of HS and I want to get into the real estate business. I have worked for over a year and even though my job is not hard I alread...
Hi Everyone, I am brand new to BP & REI in general. I will be moving to Arizona sometime in 2017 (scottsdale specifically) and I am looking to get as much information as possible on the investment market. My goal ...
I have been watching all types of investing videos for months now and i had 1bed condo come to my attention. This condo is located 3 blocks from Loyola University in Chicago and it is a lakefront property. I feel th...
Hey Everyone!As an aspiring out-of-state real estate investor located on Long Island, NY, I have been doing some in-depth market research to identify several healthy investor-friendly markets to begin exploring. My sn...
I'll give you some averages I was told and please tell me if any of them are incorrect of if I'm missing anything.
Example property value: $100,000
1. Down payment - 20% of purchase + 4-5k in closing costs = $25,00...