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30 October 2024 | 236 replies
That’s like saying we shouldn’t attack drug dealers as a group, the very line of work is bad for society, in nearly every case I’ve seen with a wholesaler they have paid less to a homebuyer, than that homebuyer could have gotten on the market, it’s why investors, myself included like them, but it by definition is a disreputable line of work, if it’s legal and still want to do it, go ahead but don’t think your gonna get a good star for making money in a line of business that exploits old people.
15 October 2024 | 6 replies
Talking through a potential deal at the moment.I like the idea of a line of credit, but we don't have business credit so I'm assuming a commercial line would be tough.
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13 October 2024 | 0 replies
I'm self employed, no other "job"I have STR insurance policies that show a line item for Loss of Business Income.
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14 October 2024 | 16 replies
I'm self employed, no other "job"I have STR insurance policies that show a line item for Loss of Business Income.
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16 October 2024 | 9 replies
Depending on which brokerage you use, you could possibly borrower against your securities holdings with a line of credit (similar to a margin loan) if it's not a retirement account. 30-35% of the balance would likely be within reach, but make sure you FULLY understand margin calls and when they would trigger.
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14 October 2024 | 22 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
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11 October 2024 | 11 replies
Moved into a cheap house and used “sweat equity” to increase value and then obtained a line of credit.5.
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24 October 2024 | 139 replies
When you rehab there is always some can of worms that pops up when you open the walls - the more you squeeze out of the contractor on a line by line basis the more they will up charge when that water line no one knew was there is discovered in some wall it shouldn't be in or the electricians on the original build decided to run the entire houses circuits for the ground floor and second story thru some ugly soffit in the kitchen that looks like it's there for no reason.
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9 October 2024 | 8 replies
For instance, we have a line of credit against another profitable business that we are the sole owners of.
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9 October 2024 | 8 replies
A line of credit is a great way to be ready to get the next property.