All Forum Posts by: Debbie Tringale

@Mike M. I've read the post several time and I am still unclear what "Subject to" is.

@Mary Mitchell yes. This is what I am asking about when I said a lot of money is going to interest. The books talk about good and bad debt; good debt generates income and bad debt does not. Well, for me, the interest on the good debt is greater than the income it is generating.

I am beginner and I am learning from my mistakes. I am trying to find that sweet spot where I have more money coming in than going out. Deb

@Dan V. Thanks Dan. Honestly, I go from day to day thinking I should cut and run or keep going. I have tax and debt problems that are dawging me and I see a large portion of my money going to taxes and interest.

I have been interviewing accountants all year and most can't or won't help me. Today I talked to someone that is willing to help and I am feeling optimistic again.

Thank you for your reply. Deb

@Mary St.Clair that's what I'm asking about. Do I understand you make $125 - $200 per month on your properties? It doesn't seem like a lot of money for all the work that goes into it.

By the time I pay all the taxes, insurance and interest on loans; I barely make any money. I would like to get help but lawyers and accountants take another bite out of my income.

I am generating good income from my AirBnB and other business (not real estate) but I don't seem to have any money left over. Some days it doesn't seem worth all the extra effort to run my own business.

So how is it done? What's the secret?

@Bryan Harvey. I am a little unclear if the property is a single family home. If so, before you sign with a contractor, check out Blue Ridge Log Cabins. They offer log homes and mountain style home. They are premanufactured and include everything except site prep and HVAC. They advertize they even include light bulbs!

Its a great concept. You know exactly what its going to cost, no going over budget; it takes three months from start to finish; and the houses are really nice.