![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/295518/small_1621442388-avatar-samuels5.jpg?twic=v1/output=image&v=2)
3 September 2024 | 10 replies
If you switch later, that is another set of problems.When entering a transaction is easy, but trying to balance, analysis reports is a challenge - Now is the time you need to take an accounting course - learn debits and credits and more.Pick and choose wisely.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1365242/small_1621511664-avatar-jakev28.jpg?twic=v1/output=image&v=2)
1 September 2024 | 10 replies
However, DTI can be an issue, so depending on how you are funding the renovation, credit card balances will hinder.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/804168/small_1695032099-avatar-sani.jpg?twic=v1/output=image&v=2)
6 September 2024 | 79 replies
I actually have was closing myself on properties they were rejecting and made a lot of $- They backed out on another deal which I quickly paid off the balance and cancelled (they were stunned) I then rescinded the contract between them and told them this operation will Only work guys on newbies.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2909336/small_1704164286-avatar-donn50.jpg?twic=v1/output=image&v=2)
5 September 2024 | 11 replies
Do you find any difference in the experience level of the investors in each subclass, or is it more about investors using higher yield properties, balance cashflow for class A property, etc?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/308158/small_1621443260-avatar-ryang12.jpg?twic=v1/output=image&v=2)
4 September 2024 | 39 replies
For example, any foreclosure of a home equity loan must be through judicial proceedings (court), and cannot proceed as a private foreclosure.All home equity loans are non-recourse loans, meaning that if the lender does not recover the full amount owed by the borrower through the foreclosure process, the borrower has no personal liability for the loan and cannot be sued for any remaining balance owed.Back to topConsiderations When Taking Out a Home Equity LoanHome equity loans can be a useful tool to allow a homeowner to obtain funds that are otherwise locked up in their home.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3104706/small_1724264231-avatar-emiliep5.jpg?twic=v1/output=image&v=2)
1 September 2024 | 3 replies
You may want to research now how the country taxes different types of investments(Equity, bonds, real estate, etc)That can tell you potentially what investments to have.The issue with potentially becoming a US citizen is that they will tax you on worldwide income.Therefore, if you get the citizenship and move out of the US, you may want to see if you would be exposed to US taxes, whether you will want to move back to the US and if you want to renounce your US citizenship.I agree that if you are not sure of living in the US, you may want to avoid doing items such as having a large balance in a retirement account that may be considered taxable by another country when you retire.Best of luck
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3108351/small_1724725785-avatar-meiz7.jpg?twic=v1/output=image&v=2)
1 September 2024 | 8 replies
I will balance this by purchasing hardware, light fixtures etc. on amazon.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2633478/small_1697110114-avatar-kathrynb51.jpg?twic=v1/output=image&v=2)
1 September 2024 | 3 replies
It’s not uncommon to feel like you’re overthinking it—finding the right balance between investment potential and family comfort can be tricky.Since both your current and future properties are in a growing area, focus on the overall market trends and the amenities the neighborhoods offer.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2936101/small_1707439340-avatar-agustinr9.jpg?twic=v1/output=image&v=2)
3 September 2024 | 32 replies
Broke student had no money before the course, but now has a $5K - $10K credit card balance now after paying for high priced wholesaling and get rich quick education.- Obviously, student is not going to be buying a house anytime soon, much less making cash offers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2979602/small_1712807630-avatar-johanav.jpg?twic=v1/output=image&v=2)
30 August 2024 | 21 replies
Your current credit cards are always running promos for balance transfers.