About 3 years ago my Wife's 85K IRA was making mediocre returns and we decided it was time to use it for real estate, which we understand far better than stocks. We converted it to a ROTH and took the tax hit in a ...
Background: I'm an accredited investor with some cash I'd like to put to work in real estate. My goal is to build up passive income generating assets over the next 5-7 years to achieve financial freedom. Although I've...
Hello,If I own a single family home for my own personal use with PITI = $3000 and if $1000 of PITIgoes into principal payment, is it safe to consider my effective monthly real estate expense is $2000 and the other $10...
Hello! I am currently on the hunt to buy my first house hack in the Philly area as this is where I will be working. However, I am currently living in State College finishing my last semester of school at Penn State. S...
For those of you who've read Rich Dad Poor Dad, I have a question. Author Robert Kiyosaki advises to own assets, not liabilities. He says that buying your own house is a liability, since cash leaves your pocket each m...
Extraordinary architecture isn't dependent on expensive materials, complex details, or fancy decoration. Thoughtful design can transform ordinary materials, typical details, and minimal/no decoration into something mo...
I am looking at a mobile home park with the following:42 lots in all- 34 lot rent only, 8 park owned (only vacancy is 1 park owned home getting ready for a new tenant)-Double wide lot fee is 225/month-Singlewide lot f...
A friend recently asked me to compare two Houston zip codes, 77008 and 77063, from an investment perspective.
Now, I'm a big fan of Texas, but the first thing I said to him was that the weather is HORRENDOUS. Anythin...
I'm hoping I might be able to get some help analyzing a 4plex property I'm considering. This would be my first real estate purchase ever.
The property is vacant, its bank owned and on the market for 180k (...
Hey, everyone!As I have stated in almost all my other forum posts, I am heading into college in the fall. Right now, I'm taking time to educate myself about REI, and I'm planning on trying out wholesaling, and possibl...