Their debts would include not just car payments, student loans, and credit card payments but also things like child support paid.

Consider this: there are an estimated 10K homes in Pacific Palisades, at least half of which were destroyed. 25% were constructed during the 60-70's and +/- 75 TOTAL were built in the past FIVE years. 

Our team has been pounding the pulpit for five years about how favorable our tax brackets are and helping clients conduct moves such as IRA to ROTH IRA conversions in order to take advantage of the current tax deal of our lifetime.

When I listed this property last year, it was rented within about five days. 

The same is true for credit card debt. 

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

However, even issuing a five-day notice can be an important step before filing.

We have several rentals and a set of business cards associated with each one.

Im new to the investing world and am still in the early stages, I've been studying and researching for the past five years.

But it feels like if you keep cashing out equity on your properties to buy another, you end up with multiple properties but with your equity stretched really thin, like a house of cards ready to collapse.