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1 October 2024 | 8 replies
The advantage of the SBA financing is that you will only have to bring 10% to the table, but you will also have to show with the existing building and your Adjusted Gross income that you have the capacity to pay for the new debt.Â
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28 September 2024 | 5 replies
Agency debt is mostly teaser stuff that very few people qualify for, so I'll not mention those rates in this post.Â
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29 September 2024 | 13 replies
Best decision I ever made. they went on to basically lose the portfolio as 2 steps one back.. theft non pay trashed units.. simply not a sustainable model.I then switched to no debt A class only takes a few of those to hit that magic 10k a month NET cash flow with basically zero drama.. and only a handful of props to manage .. owing 50 houses has major work load if they are section 8..Â
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24 September 2024 | 4 replies
Eliminate debt, establish a budget, and save.
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1 October 2024 | 2 replies
Their only other bills are their mobile phone and car insurance, and with the rest of the money they save on rent, they can spend it on other priorities, whether it’s expensive toys, travel or paying down debt.
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29 September 2024 | 9 replies
You need to account for debt paydown, tax benefits, and depreciation as well.  2.
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1 October 2024 | 24 replies
Yes I recently purchase this so called mentorship but before I made the purchase like a few other people stated here on this platform they were contacted and a so call interview to see if you are a good fit ...bulls..t they pry to see if you can pay with a credit card as Ed said word for word you can use more than one card but before purchasing I told Ed Peter's right hand man I do not want books and video if that is what it is I don't want it .. ooh no he says we hold your hand meaning peter as I can see someone else got the same script on this platform ..after paying 15 000 guess what came in the mail books and software with videos go figure and I stressed that is not what I want and asked for my money and Peter said no refunds I suggest you watch the videos I called to chime in on his Q&A session he was answering question from one of the another protégé and once he finished and the protégé hung up Peter said if you have any questions punch *6 so I'd did just that instead of him asking me what was my question he hung up the phone on me as if I was not there it is was sad because there was only 2 people that was on the line me and the other supposed to be protégé if you are thing Bout being apart of epartners I suggest you think twice I don't think it is a good idea I am out of 15 000 as 4/26/22 I am furious these so-called wealthy people are ripping of the public 15,000 is a lot of money to be in debt with no income coming in and you put your trust in a person that claims to be helping you reach financial freedom and don't give a dam if you live or die stay away from this program
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27 September 2024 | 13 replies
The only other thing I caution about is debt.
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30 September 2024 | 21 replies
Lookup UDFI (unrelated debt financed income)Â as well as non-recourse loans as both will come into play.
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27 September 2024 | 1 reply
For instance, owning a property for 10 years could mean significantly less debt and more cash in your pocket.Learning: Investing takes time to master.