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If somebody purchases a home and wants to make sure the mortgage gets paid off if they died pre maturely, do you think permanent or term life insurance would be the better fit? Or both?
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $550,000
2 flat in McKinley Park with nonconforming basement. Turn key. Coin laundry in basement.
What ...
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We’ve had drawings done to convert a bungalow with an illegal basement suite to a legalized basement suite, and drawings submitted to the city (Hamilton) but not yet approved. I’m speaking to a few trades, we now thin...
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Ok, so I searching for my first rental property, well not really my first because I have owned a couple others but sold them.
In any case, I put an offer in on a condo following the rule of buying 20% below FMV, an...
I have been listening to the podcasts and learned about the BRRRR method. It makes sense and I get it but I had a clarification question. When you Refinance, I'm assuming that is a cash out refinance. Is that correct?...
I’m 19 years old with little to no payments. I still live at home with my parents where I’m fortunate enough to not pay rent. As of right now I make about 18.55 an hour, I put 20% of my paycheck into a Roth account wh...
I’m in the Bay Area, totally new to construction projects and so looking for advice.Looking to convert a free standing garage to a two story garage + ADU structure. 800 sqft total: 400 sqft ADU on second floor, ground...
Hi everyone, hope all is well! I am considering buying an Air BnB on a lake in the Midwest. There are 6 months of the lake being in season (very crowded), and 6 months where the lake is out of season (almost no one is...
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Today I discovered the Augusta Rule. This is how it works: If you're a business owner and you use your home to host business clients or business meetings, you can charge your business for the use of your personal home...
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I have been reading a lot on BP! Thanks everyone for such a great community.One question I have is:I have heard people talk about how often in a booming market, you'll have tons of over-leveraged investors who, when t...