Hey everyone. A little about myself, I'm 31, a plumber by trade and have recently moved to the US with my wife so she can be with her family. I have completed a number of real estate transactions over the last 10 year...
Before I begin and receive any responses that my title is not accurate, I just want to state upfront that only 60% of that profit goes to us and the other 40% goes to our private money lender. Now that I got that out...
I have a property should have been a winner but ended up being an ugly monkey on my back for the last 8 years. It currently loses about $1k/month which is about what the principle payments are (yes, there are 2).I bo...
My girlfriend and I are looking to purchase our first house in the next six months. I want to purchase a duplex and rent out the other unit, or a large single-family home and rent out rooms/basement (1st option prefer...
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...
“Never invest in a business you cannot understand.”
– Warren Buffett
One of the best things about passive investing is that you are not the one doing the day to day work. Maybe this has been your chance to work o...
Hello ladies and gents of bigger pockets.I paid too much for my first house, and now am regretting it. Escrow closed this March, and I'm almost done rehabbing it; my out of pocket expenses (closing costs + rehab + mor...
Hey BP community! I just closed on my first property and I am in the process of getting things set up for property management. I met with a couple of different companies, and feel like I know who I am going to go with...
Thanks for reading my first post on Bigger Pockets. I need your advice. In 2015 my wife and I sold our home in LA for a healthy profit and moved to SLC. I knew nothing about real estate, but listened to my CPA and dec...
Inflation has only dropped my .1% and Feds are ready to do whatever it takes to drop that. I have been hearing on the streets that interest rates could* go to 12%+. That would be pretty scary heading into a full on re...