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8 February 2025 | 8 replies
$40,000 x 25%(assuming a 25% interest rate on credit cards) = $10,000This is more than the annual cash-flow that you are getting from the rental.I would look at a way to paying off the credit card debt asap.Look to see if you can take a HELOC on the investment property(likely difficult).If you can't you may want to consider selling the proprety.You will also feel a lot of relief of not having credit card debt hanging over you.What is the interest rate on the car loan?
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30 January 2025 | 6 replies
I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in.
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9 February 2025 | 15 replies
That means that you will need to get those particular ducks in a row before you get rolling.Also, sites like Taskrabbit.com has a lot of folks on there that can help get things put together, setup the spaces etc.
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6 February 2025 | 4 replies
do you know how to read building plans or permits?
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21 January 2025 | 31 replies
I had done extensive reading and research on best practices and entity implementation that would best meet my specific needs.
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18 February 2025 | 12 replies
I am trying to find some off market Multifamily since a lot of the good deals seem to be done before hitting the market especially when it comes to Multifamily.
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23 January 2025 | 11 replies
It helps a lot with networking on here.Other than that, be a sponge and soak up as much content to learn the game.
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31 January 2025 | 5 replies
Hi Willie, I think it would be best to wait until you have more capital to put down for a multi-family property.
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24 January 2025 | 1 reply
@Carter Fleck There’s definitely a lot happening right now.
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12 February 2025 | 20 replies
Thank you everyone.WIiling to share more details if people are interested!