David Krulac
"Home prices in real terms didn't increase"
"from 1890 to 1990. The American dream of building wealth through homeownership is a FALLACY. That was the bubble thinking but its still fresh in our minds."
Robert Shiller, Economist Yale University, and c...
Patrick Senas
For those Buy and Hold San Diego Investors!!!!!!!
Hello BP,Before I go into the deal specifics I feel like I have to justify WHY I am choosing to invest in San Diego. Essentially it all boils down to my current situation. I am a first time buyer, Navy veteran current...
Pat Noyes
Newbie “Bob” with little time
Hello,
I’m a newbie Pro member that I would self-describe as a “Bob”, meaning I have a great job, great income and great credit (as does my husband). We also have good discretionary income and a lot of equity in our p...
Jonathan Perez
Just put an offer on duplex with tenants, how should I prepare?
I put in an offer on a duplex. And there are tenants on both sides. One of the tenants are being evicted. The other side is on a year lease....there is a property manager already in place which I may consider keeping....
Brian Beck
What would you do? 50 year old starting the journey
I am 50 and have a goal to replace my income, or at least a lot of it by 60. My wife and I have strong W2s and are closing on a 300K HELOC this week. We are in process of building an Airbnb (Den Modern Cabin in Adir...
Art Frasik
Im 29 Years old... What Should I do?
I really need advice, I've been in limbo for about 2 years.- I own 5 free & clear SFR rental houses and 1 nice duplex (personal residence with a 20% equity mortgage on it. All properties located in a stagnant subu...
Brian Hunsaker
Wondering how to minimize taxes owed to IRS from rental properties
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
Alan Grobmeier
Need CA Tenant Help ~ Break Lease
Greetings.
I own a property in the San Diego area. I rented it to a tenant a year ago on a 2 yr lease. The existing lease has either 11 or 12 months left.
All was well until about 2 months ago when this women’s do...
Jennifer H.
Should you rent to a tenant who filed Chapter 13 Bankruptcy one year ago?
What are your thoughts to renting to a tenant who went under Chapter 13 bankruptcy? Tenant that applied has a very low credit score of 545 and is under Chapter 13 bankruptcy. Credit check reported bankruptcy on ...
Bryan Hancock
What Is “Wealthy”?
I found this UBS article while doing some research last night. Some folks on BP may benefit from it:What Is "Wealthy"?After reading this and several related articles the consensus seems to be around $5M to be conside...