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27 January 2025 | 21 replies
I view real estate investing as another wealth building tool in my tool kit.
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23 January 2025 | 8 replies
So right now our main goal is the cash flow because in the end that is the way we will be able to move up in the real estate industry.
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27 February 2025 | 11 replies
Seeing as you mentioned you have very little liquidity in after-tax and savings accounts, I'd likely recommend focusing on building up a buffer of accessible and liquid dollars in an after-tax brokerage account prior to maxing out a Mega Backdoor Roth.
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27 January 2025 | 5 replies
@Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan.
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5 February 2025 | 9 replies
.- Working a W2 as a firefighter, posting and consuming content- Leaving my W2 to dive deep into real estate investing and working as an agent... and still watching/posting content all while business was ok - Deleting social media apps (one have one on my phone that I use 10 minutes or less a day), diving deep into building my business and skills which have drastically increased due to pure focus and increasing my business significantly- moral of the story... focus on the things you need to do in business (dollar productive activities) and life experiences while reducing consumption will increase your success
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7 February 2025 | 11 replies
They’re ideal for those building portfolios, as they don’t require extensive personal financial documentation.A key tip is to ensure the property’s cash flow comfortably exceeds the lender’s DSCR requirement (typically 1.25x or higher).
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28 January 2025 | 2 replies
You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.
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27 January 2025 | 8 replies
I would recommend calling the city building dept, they are easy to get in touch with and a lot more helpful than other municipalities in the area.
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30 January 2025 | 8 replies
My best piece of advice is find the most nit picky building inspector you can.
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29 January 2025 | 22 replies
I'm not an expert in these markets nor turn key but ohio is a great state to invest. our strategy has always been buying below market or building below market