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19 November 2024 | 2 replies
Eliminate debt, establish a budget, and save.
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18 November 2024 | 4 replies
I think that losing the HELOC should create a little better cash flow but at the very least it will put some stability into my debt service.
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16 November 2024 | 3 replies
I was conflicted on DR's adamant position against leveraged debt, however, having a degree in finance and economics I believed I had well balanced approach.
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15 November 2024 | 5 replies
I get calls, texts, cards and letters constantly on this rental.
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18 November 2024 | 8 replies
You can use a card reader on the coin-op feature to address that, but you are into micro-issues at that point that I wouldn't want to deal with.A proposal: Tenants, installing separately metered water and electric lines that I pay for, then bill you for, will cost me $5,000 (or whatever).
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26 November 2024 | 35 replies
Is the 5 property ceiling (estimate, of course) because of debt to income ratio?
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16 November 2024 | 7 replies
I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.
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24 November 2024 | 11 replies
Maybe they know the owners or were able to get the owners to let them see the inside.The process would be significantly improved if there was an expiration time for the owners to become current on the tax debt.
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16 November 2024 | 3 replies
My first rental has over 100k equity and the rent is almost double the debt payment (I've got a really great mortgage from 2020 so it cashflows very well).
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18 November 2024 | 8 replies
That means they are paying dividends out of investor capital or debt, instead of NOI.