
19 November 2024 | 11 replies
If you don't have a good foundation(bad debt paid off, $$ saved up) I would first focus on that.

19 November 2024 | 2 replies
I think paying off a loan with a high interest rate debt and adding to the principal is one way to stay liquid within the property.

19 November 2024 | 4 replies
Most investor utilize short term hard money debt to scale their flipping operations where the lender will fund 80+% of the purchase price and the rehab budget which can allow investors to work on multiple projects at once.

18 November 2024 | 13 replies
I would use money from a HELOC that I have open to fund the down payment, but as @Scott Trench stated recently on the podcast, that is a short term solution, and I don't want to hold that $48k debt for more than a few months.
19 November 2024 | 10 replies
Everyone's time is valuable.I do group showings to save me time, give the impression that the place is super desirable (because everyone is there) and you eliminate the risk of no shows since you would be there anyways.

19 November 2024 | 6 replies
So I did that and my property revenue cannot service the debt but using my strategy I'm cash flowing $1100/month after PITI on a new construction home under warranty.

19 November 2024 | 5 replies
When an IRA borrows funds it can lead to a tax called UDFI (Unrelated Debt Financed Income Tax).

21 November 2024 | 7 replies
The only way you can break that log jam right now is severely lowered fed rates, but the level of federal debt is such that they're in a no-win situation because there's going to be little appetite these days for buying 1% fed notes from overseas.The fed rates were kept too low for too long.

19 November 2024 | 3 replies
also noting most people arent' aware but the credit score run by a mortgage lender and say a general lender like a bank are actually going to be different scores (and likely slightly different ranges) - with some greater weights on mortgage debt for the mortgage lender Credit Bureau settings

17 November 2024 | 1 reply
Donate the Property: Donating the property to a qualified charitable organization can provide you with a charitable deduction equal to the property’s fair market value and eliminate capital gains taxes.Implementing these strategies requires careful planning and consideration of your specific financial situation.