Luc Boiron
I just paid an $80,000 wholesale fee...
Another investor in my network recently got a property under contract, and was looking to assign it. I saw it on Monday, and he gave me his "buy it now" price (ie: don't wait to see if any other investors are interest...
Pedro Torres
Cash vs Financing on low cost properties?
Hello everyone, I'm looking into buying my first property. Currently I have 25k in cash (with 2k added each month from my 9-5 job) and was looking to buy in the east (Milwaukee, Cleveland, or Detroit areas), because o...
Phil Mays
Property Manager "gotcha"
So I signed up with a property manager on my NC property. I'm paying 10% for their services. Last month my tenant was late 13 days on his payment. I just assumed that the late fee collected was going to be paid to me ...
Rudy Hernandez
Do you invest in IRA and/or 401k any more?
Hi BP members
Hope all is well.
I am curious to gather collective thoughts and opinions on IRA and 401k investing. Some people believe they should continue due to company matching as well as invest in IRA for tax s...
Brie Schmidt
Will there be another recession?
Are we going to have a recession this year? Historically, every time we see low unemployment it is followed by a recessionNow we hit a 17 year low for unemployment rate, so what does that mean?So will it happen? Wha...
Perry Rosenbloom
Thoughts on Paying Market Value but Cash Flowing Well
Hi Everyone,
I'm under contract on a 4BR/2BA home. It's very clear that I'm under contract at market value price. 147,500. However, it will rent for $1,500/month and taxes are dirt cheap.
It is also entirely renovat...
Garrison Johnson
My review of the Rich Dad Learn To Be Rich Academy
I attended a Rich Dad “Learn To Be Rich” Academy this weekend, and while it was fresh on my head I wanted to comment on my experience.
It seems that the response across the board has been that the training is a scam,...
Jessica Wood
What is the real benefit of cash?
Forgive me if this seems naive, but what is the real benefit of having cash when investing in real estate vs. being able to obtain financing? Specifically 500k-1m of cash. Would it be best to use that to buy a forecl...
Sunny Suh
Diary of my first step: Jersey City NJ Multi-Family- No experience, no idea what i'm doing, no regrets
Hello everyone, Complete noob here. I started investing in a set it and forget it type stock/index portfolio and it has done well. Had to do a lot of research.Now I am jumping in real estate, going for that multiple s...
Cameron Riley
LANDLORDS!!! - How to Handle The security deposit?
- How do you handle your security deposit? Do you use it for fixing the damages during the tenants stay? - When the tenant leaves and demands security deposit back, how do you handle this? - In PA, I can hold for up t...