Jack B.
How to retire off single family houses? A lot of equity...
I own about 6 million in real estate. There is three million net worth, most of that equity, some cash on hand (1 million). I cash out refinanced last year to buy more properties. So my cash flow was reduced of course...
Zach Rubin
Extra Payment on first property or waste of time?
Hello community,The wife and I just purchased our first property that will be our primary for the first year or two on a FHA loan. We do plan on refinancing it after that time due to the ideal interest rate we are pro...
John Horner
$150k cash, 740+ credit score and can't get a loan for anything...
So this is a hypothetical... But I am very motivated and eager to quit my day job. Last year was my first full year as a Real Estate wholesaler, wholeTAILer and flipper. I completed 17 deals last year, 15 of which ...
Laramie Allen
Receiving Substantial Inheritance Pay off Mortgage/Real Estate
My wife and I have been extremely blessed over the years. We recently have received substantial inheritance. We plan on consulting our financial advisor as well well but looking for brainstorming here also. Currently ...
Brendan Hallissey
Using 1031 exchange and 121 exclusion to minimize tax
I currently have an investment property I'm considering selling. I purchased for 250k several years ago and have received unsolicited offers of up to 400k. I am considering selling to lock in my gain and using a 1031 ...
Fred Shandler
SFR Analysis
Asking: $30,900 (assessed for 38K)
Taxes: $1,799
Currently rent: $750
The 2% rule works: 2% of 30,900 = $618
However: at 6.5% my payments would break down as follows:
P&I: $195
Taxes & Insurance: $23...
Ryan Spearman
Owning gold as a reserve
I’m a big fan of cash reserves. The covid outbreak has only emphasized this. The problem with cash is that if you have any form of debt it literally costs you money to hold cash. To get around this I have a big line o...
Jacqueline Gonzalez
Tiny Homes in SC, Land in Avon Park, Fl, Home in Baltimore, MD
Hi, My name is Jacqueline and I have a few challenges. 1) A possible opportunity came up for me to own a tiny home ranging in prices, an example $127,000 without appliances, lot rental of $450 and for now I am not sur...
Adele Hawkins
1st Deal Analysis for Rental Property
Woke up this morning and tried my hand at my first Deal Analysis.First and foremost can someone look this over? Is there anything else I need to consider? Property 2/2.5 1,375 sq ft Townhome. Asking price $64,900.1. G...
Steve Adler
Downpayment, but won’t qualify. Any options?
Hey BP Community, I am glad Tiktok has introduced me to this website haha! I have been following the STR method and researching on it, and I wanted to pick everyone’s Brain on it. I have $250k cash to invest, and I’d ...