David Malik
We believe in second chances
I believe that people who, "paid their debt to society" deserve a second chance. Most if given a second chance will leave a life of crime behind them because they have learned their lesson and believe the risk of the ...
Nicholas Varner
Unlimited Passive Losses as a Real Estate Professional
In my last post of 2015, Top 5 Reason to Buy Real Estate Not Named Cash Flow I brought up some reasons that investors may consider real estate a potentially sound investment due to other reasons than cash flow. Before...
Jon Elson
Pro's and Con's to 15 vs 30 yr. refi on personal residence
I recently did a rehab on my personal residence. Instead of selling, I will refinance, get cash out to pay off the refi and put myself in a zero debt position (except for the mortgage) to allow easier lending on inves...
Edwin Brown
Looking for a Mentor? (this is not a solicitation)
This is not a solicitation.
I would like some feedback from new and potential investors looking to get into this business.
Here is a scenario:
You go to your local ...
Eric Stafford
Focus on Being Agent or Investor
The Background: I have personal contacts in the commercial development space in Massachusetts / Rhode Island who have tried to nudge me into the business. I can't give up my full-time job, as I am the provider for the...
Daniel Miller
request for re-advice (after a long absence)
Hi all! I spent a long time here three years ago, getting ready to rent out my first property, which is actually my father's house (he is in assisted living, and I have PoA and am successor trustee on his account). ...
Tim Mieney
My Turn Key Company Due Diligence (Reposted)
Hey BP Fam! First one was deleted. I'm assuming because I used links. Reposting now without them. Here we go...After deciding I wanted to explore out of state investing, I spent the last week meeting with several "Tur...
Jeremy Rhodes
Underwhelmed with tax breaks of owning investment property
I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
Terri Pour-Rastegar
Securing Vacant Property
I need some help on this issue ASAP please!!!
I have a vacant property, newly renovated, which has been broken into a few times in just a couple of weeks. I need recommendations for security measures and things to h...
Nick Winikoff
Will companies with the Airbnb model move into the mainstream?
The popularity of Airbnb is not to be denied, but will it stay as the only major short-term rental company in the United States?