Kevin S.
What to do with $1,000,000.00?
I wonder what do someone approaching retirement do with $1,000,000.00? Buy a single property with cash and have about $65,000/yr in cash flow or use it for DP on a $4,000,000.00 property? Would the cash flow be the ...
Bob Romano
Tenant wont give phone number?
My tenants phone has been working fine until the first month he took residence. Since then he has been consistently late by a few weeks for the rent. Now I call it and it goes right to vm. I went to the house to tell...
Jason Kim
Setting Up LLC Under Different State
Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...
Scott Trench
Are you Pro or Against 401(k)?
A recent article that I wrote on the BP blog received some criticism because I suggest that a 401(k) is one of the best ways to increase your net worth.This strategy was criticized by a couple of readers and I thought...
Clayton Hepler
Infinite Banking, Is it cut out to what it is said to be?
Does anyone have serious experience with using the Infinite Banking Concept or Bank on yourself concept to invest in real estate? The only people I talk to that love it are trying to sell me policies.I am having diffi...
Account Closed
Becoming a Real Estate Developer
Good morning BP. I've been browsing on how to become a real estate developer and am looking for some insight. I've been working on a project to tap into the evolving tiny house market and have ZERO clue as to what a r...
Kimberly T.
Can "having a job" be part of your tenant screening criteria?
Hear me out.
Let's say part of your screening criteria is a minimum of 3x rent as income. In CA and some (all?) other states, you cannot discriminate based on source of income. That means if the prospective...
Ashan D
1/3 Of My Income To Taxes If I Don't Do Something!
Guys,
I have been thinking about taxes lately and have come to realize that they will hit me very hard if I do not proactively find a solution. I trade the markets with with few expenses to deduct and will be in the ...
Account Closed
Zero to financial freedom as quickly as possible
Goal: Generate at least $2,500 net per month outside of my job and my wife's job.Current Location: I live in a suburb or Portland, Oregon, where SFRs and small multiplexes are currently going for around $300k. (Of cou...
Dave Sandford
How did you register yours? * ITIN * LLC * EIN *
Hello brilliant BP crew.I'm just starting to invest from New Zealand and enjoying the podcasts that brought me here and reading all your informative posts :)I believe from some research before I start sourcing any pro...