All Forum Posts by: Salvador Carlton

Thank you Whitney, good points.

Thank you Joe and Steve for your inputs.  There is no fees associated. One of the videos does try to encourage you to buy a book which is $18 dlls or so but the bulk of the information is pretty much already discussed during the videos.  In my case I don't have high interest loans or credit cards.  The videos made me wonder about it and that is why I wanted to get everyone's input and see if anybody actually done it.  Thank you.

Good point.  Thank you Sarah for your input.

Thank you Cameron.  I have used my 401K to purchase some investment properties a couple of years ago and you are right.  Interest rates are really low.  I think for the most part is the concept of stopping time.  Meaning that for the first part of a mortgage you are just paying interest so if you can knock it down by a huge payment then it should have an impact..still researching it though...Thank you for your quick response.  I appreciate it.

I recently watched a video in which one of the strategies besides buying Real Estate Investment properties was to use your Heloc to pay down your home mortgage because of the simple interest versus amortization schedule.  For example you have a Heloc for 70K and you send 25K to your mortgage for principal only payment.  You would direct deposit your income into the Heloc and use it as a normal checking account to pay Heloc down, bills, etc. You could still use the remaining of the Heloc to buy investment properties and take a distribution of the rents (if you want of course tax implications might be applicable) to pay down the Heloc and repeat process over and over.  It was also mentioned using your 401K to pay down your home mortgage as another avenue.  I was wondering if someone has used such strategy and their thoughts on it?

Does anybody has a template of an owner finance contract for Memphis, TN and California that are willing to share? Thank you in advance.

Thank you for your information.  This is very helpful.

Recently my CPA mentioned that on top of paying the annual $800 per year, we are now fall into the category of Gross receipts which would be an additional $900. He mentioned perhaps our Real Estate business which is made up of passive income be changed to maybe an S Corporation to avoid the additional $900.  Any suggestions?  Has anybody that does business in California experience such?  Any suggestions are greatly appreciated.