Shiv Jey
High income, low time
Hello all,Wife and I are high earners with busy jobs and limited spare time (total salary >$1.2M/yr). We don't live lavishly, pay a ton in taxes, and are making traditional investments. Our savings are starting t...
Ali Sheik
To manage or not
As a newbie RE investor I was wondering whether or not to manage my own potential properties. Can anyone give me a quick rundown of how to choose whether or not to do so? I see that doing so certainly makes the return...
Gustavo Nascimento
What is an acceptable response time for a CPA to prepare my tax return?
Hi there. I know this question is vague, so here is the sitiluation: I hired a CPA well regarded and very active here in BP, in January, to prepare my 2023 tax return. I paid for a cost seg study on my only str proper...
Mark Page
Is 45 years old too late to be financially free?
I just turned 45 in May and finally bought my first rental property this past March 2019. My wife and I started our own vacation rental business . Although this is the slow season in Big Bear Lake Ca, where our STR ...
Nicholas Armstrong
4 months in, 2 flips down with a 9-5 and 3 kids! - With pictures!
Hey Guys!I haven't been as active on the forums near as much as I would have like to have been these past few months. Mostly because I've been scouring the MLS looking for deals or checking on our current rehab houses...
Account Closed
Is A College Degree Worthless These Days???
So many people are graduating college every year with tens of thousands of dollars of debt. Many of these graduates are having a hard time finding jobs that pay 50K+. It doesn't make sense to me to "invest" all of thi...
Andre Jernigan
When and How Did You Start Your Business? - Career Advice
The other day after work I got to my car and started checking my phone to respond to emails, check BiggerPockets and LinkedIn. After a while I realized that I had been sitting in my car responding to those in the real...
Eric A.
NYC: To buy my home or invest first?
Question for my seasoned investors and mentors. I'd like to get a healthy debate going here. I live in the very expensive Brooklyn/NYC market. I have about 250k in liquid assets and I earn a high W-2 income. I have a ...
Joshua Dorkin
US Credit Downgraded from AAA to AA+
According to Reuters, S&P has downgraded the US Credit Rating from AAA to AA+ and may likely downgrade again in the next year plus.
Thoughts? Insight?
I realize this may get political, but think this is an impo...
Jay Hinrichs
First substantial loss
I have closed a property yesterday that I took a hit on... it was my first loss in 3 years and over 250 transactions that I funded. Take away... BP member good talker bad in execution.. I went and met with him in Atla...