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5 August 2024 | 15 replies
Equity and retirement assets wont do anything for DTI unless youre retirement age, have a plan in place to create income via IRA distributions, and have a sufficient balance for the distributions to continue for at least three years.
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5 August 2024 | 13 replies
Then you have to take responsibility for maintenance.You can rent a comparable home for $3,000 and the landlord handles maintenance.It makes sense to rent for a year or more until prices balance and you can save $1,000 a month towards a down payment in the future.
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3 August 2024 | 8 replies
Wait patiently for the tenant to buy real estate, then record the judgment in the county where the property is located in order to obtain your lien -- the balance of which has been accruing interest nicely in the interim.Anything else is a waste of resources.
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5 August 2024 | 12 replies
2) With all due respect, teaching math does not prepare you for running a business and producing Real-World spreadsheets, P&L statements and balance sheets.3) Every city has it's gentrifying areas and zip codes.
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7 August 2024 | 32 replies
Consulting with a tax professional and financial advisor to create a comprehensive strategy that balances your real estate ambitions with long-term financial security.Remember, successful real estate investing is about managing risk as much as seeking returns.
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3 August 2024 | 11 replies
Depends on market conditions, interest rates, etc.Step 4: Pay back the principal you originally took out on your SBLOC, bringing your leverage balance on your portfolio back to 0.Step 5: Repeat.Opinions?
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2 August 2024 | 5 replies
If you have a 1st lien with a low rate and a sizeable balance outstanding on the property, this strategy may not make sense.
1 August 2024 | 2 replies
Balancing fatherhood, managing properties, and owning a restaurant is no small feat – kudos to you for juggling all those responsibilities so well.As a property management company, we appreciate the challenges and rewards of this industry.
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1 August 2024 | 0 replies
The challenge was balancing the renovation budget with market expectations to ensure a strong return.
1 August 2024 | 4 replies
At this moment, they are a full month behind on rent ($2,245 including the late fee), they are about to have a balance of $4,340 at at the start of August?