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If you are just starting out I suggest you don't fall into the cash flow trap. What is the cash flow trap? It starts with a picture of a guy with abs on a beach sipping a light beer next to a beautiful woman. Then a...
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Hi BP,I know this may seem like an odd question and one I don't expect many people to answer for privacy concerns and not wanting people knowing your personal finances. I would like to know if there are any people out...
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I am new to bigger pockets. My family and I have been investing here in the Salt Lake City area for the last 6-8 years. I love investing here, but I wanted to look into areas that might provide a little better income ...
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I love the idea of buying rental properties in a more landlord-friendly area, but the idea of managing a rental property from afar is terrifying. I would love to hear people's experiences with doing this and how it ha...
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It’s 2024, and you hear it all the time now: “You can’t buy turnkey, cash-flowing properties anymore.” With the COVID-era surge in home prices, rapid increases in mortgage rates, and rents not keeping pace, it really ...
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Hi all,
I'm purchasing my first property (Milwaukee) and asked my mortgage broker (Chemical Bank) about transferring the deed after the loan is secured. He said I can't do that. And that I'll need commercial lendin...
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HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
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After hanging around these forums for about half a year now, I've noticed that the word "Guru" gets tossed around quite a bit, and (understandably) not in a good way. It's a label that tends to be used interchangeably...
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I have a home in a desirable neighborhood. Currently have mortgage at 2.75. Could leave and rent out make $900 to $1,000/month.
OR... I could sell and net $200,000 to $300,000, no capital gains.
I am hoping to reti...