
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.

21 November 2024 | 4 replies
If you use debt to buy the real estate the IRA will incur UBIT so educate yourself on that.

20 November 2024 | 27 replies
Thank you yes that make sense, inclining towards using a combination of free sites and select one paid site like FF, in fact I am looking similar to you for 3 months minimum stay and yes, rooms are furnished.

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 | 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).

23 November 2024 | 15 replies
An LLC creates a legal separation between you and the property, so if something goes wrong—like a lawsuit or debts related to the property—your personal savings, home, and other assets are shielded.

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
21 November 2024 | 24 replies
The tax debt was about $7k on the property.