All Forum Posts by: Mary K.

Hi!

An agent company can tell you how much  all the fees and class costs are. I personally don't have a license but haven't had an issue with flakey realtors. I have a hunch that they are wondering if you are serious as opposed to not being investor friendly. It's understandable. I could be wrong too.

Are you providing proof of funds/bank approval? Do you already know what exactly you are looking for and where? 

You don't need an LLC to have a business.

Read some real estate tax books and link up with a CPA so you know what is taxable and a tax deductions. Don't mess around with that.

Hi!

Navyfed and Penfed gives HELOCs on investment properties. 

You could get an unsecured line of credit with a bank.

0% interest credit card- usually only good for a year.

Private money- casually mention to others what you are doing, they may be looking to invest

Loan from 401k

Good luck :)

I personally would sell the car, get a used Toyota Yaris for like 4k, decrease your expenses and go all in on paying the rest of the loan off in a year max.

After the year of living on a crazy budget, save like a normal person and invest the rest. That is what I did anyway. 

You can do it! Nothing easy is worth doing :)

Thanks for organizing!! I'll be there :)

If I were you...I would puchase the property first and put next year's savings in the Roth. I have both retirement accounts and rentals. It gives me more flexibility in the future. If one is down, I can pull from the other income source.

Just my thoughts :)

I personally would try to get in contact with an appraiser in your area- preferably the one your bank works with and pay them for an appraisal now. I am sure you could ask this person questions too that will give you a better idea of how much it will be worth when fixed up. 

Beautiful! Thanks for posting!

Welcome!

Wholesaling is a job, try to position yourself to purchase cash producing rentals with your proceeds.

Good luck :)

@Megan Palmieri Sounds like perfect time to get in there with your handy man and figure out what needs to be done to get the place rent ready for the next person :)