Glenn McCrorey
I quit my job today
29 December 2024 | 253 replies
The challenge for many of us seeking to replace our W2 income is coming into it with a serious financial deficit: bad or no credit, little or no savings (left after the crash, unemployment, divorce, health issues, etc. or any combination there of), sparse personal network, ...
Chris Yeung
Investing in Norada Funding's notes
19 December 2024 | 55 replies
By temporarily halting distributions, we can preserve capital, manage our resources more effectively, and invest in key areas that will drive future growth and profitability.In the interim, we are taking strategic steps to strengthen our financial health, including cost-reduction measures, revenue-generating initiatives, and debt restructuring options.
Roger Mace
Are Your Loans Recourse or Non-recourse, Know the Difference
29 November 2024 | 9 replies
For illustration purposes if I were given the opportunity to finance my construction projects at 8O% LTC full recourse or 70% partial recourse I will select the higher levered recourse option because have confidence in my projects knowing the debt is sub 60% LTV and want the benefit of leverage.
Hal Roberts
Real Estate Analysis Help
30 November 2024 | 2 replies
Also, the ability to export reports for partners or lenders would be a plus.Essential Data/Analytics: Reliable rent estimates, cap rates, cash-on-cash return, operating expenses (especially maintenance and CapEx), and local market trends like population growth or job market health are key for decision-making
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
By temporarily halting distributions, we can preserve capital, manage our resources more effectively, and invest in key areas that will drive future growth and profitability.In the interim, we are taking strategic steps to strengthen our financial health, including cost-reduction measures, revenue-generating initiatives, and debt restructuring options.
Stuart Udis
If you are buying lower cost SFH's what is your exit?
9 December 2024 | 20 replies
To illustrate this in numbers, I've personally sold a number of $150K houses to FHA buyers who had less than $10,000 to their name.
Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
Balance Sheet is a snapshot of the company's financial health at a specific point in time.Income Statement is a showing us the health on an operating POV.
Jessie MacDonald
Mold problem with tenants
27 November 2024 | 4 replies
In most cases, the mold is not airborne and causing health problems.
Tom T.
End Game Strategy
27 November 2024 | 8 replies
Any year I do this in the future there is a 2 year look back for health care cost.
John Postma
A couple deals under my belt, but at a stand-still and need a coach/advisor.
13 December 2024 | 32 replies
But the other side of the coin your expenses go way up when your employer is now not paying you any bene's and you have to pay all your own health retirement self employment tax AMT tax etc etc. trying to do this with max leverage is going to be a long slog to replace a 150 to 200k a year job with bene's.