Joe Au
Good Debt vs Bad Debt
Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...
Adam Dylik
Deal Structuring With Additional Collateral Property
Hey everyone, I recognize this is my first post, however I have been a lurker and avid blog reader here on BP for a couple years now. With that being said- I recognize that I am not asking or begging for anything. Thi...
Martin W.
How to run the numbers on a low rental rate property?
Hi all,I'm practicing by running numbers on a diversity of potential properties. When I run my numbers on SFHs with rents >= $900/month my cashflow ends up >$100/month, but when I go down to around $700/month th...
Joy May
Government taking over property ownership
I’ve heard rumors about plans the government is getting ready to set into motion that will force home owners to give possession of all private property over to where no one will be allowed to own their own homes. As s...
Nicole Heasley Beitenman
Closing some of my credit cards makes sense to me. Am I correct?
Hi BP! I was talking to a friend of mine about credit. He says that each person is worth a certain amount of credit based on their income. Here was his example: Say you make $70k per year. You are then worth $200 in c...
Edward Briley
Real Estate Agents?
I am just wondering how many investors have problems with real estate agents showing low cost real estate? I buy properties for investment, or to flip, many are properties that are in foreclosure. I have the money to...
William Mitchell
Is it a bad idea pay off credit card debt with my 401k?
Hello All,
This is only my second post so I hope this is the correct forum. We have over $20k in high interest credit card debt and the payments are keeping us cash strapped every month. We are just starting to look...
Brian Zitzow
Realtor shocked I want to offer 100k less than asking price.
So I just got off the phone with my realtor. I want to write an offer for 245k on a duplex that is in probate and asking 350k. He was shocked. He said he "knows it is worth at least 320k". It's tax assessed at 315k in...
Eli C.
When does forming a multimember LLC count as a security transaction
I am looking at forming a multi-member LLC with some other investors. I would be the managing partner. My concern is that this may be considered a securities transaction.
- There would be less then 35 members. Probab...
Diana Mulvihill
STR Number of Beds, Opinions Please
hi all, i’m newish to BP boards, thank you in advance for sharing your opinions + experience.
i’m looking for opinions about how helpful an additional sleep number is in the income + rentability of an str.
i’m p...