Tim Johnson
Is Real Estate the best way to reduce your taxes?
18 January 2025 | 5 replies
This deals with short-term rentals vs. long-term rentals.
Paloma Wodehouse
High Priced First Buy
8 January 2025 | 9 replies
Prices are currently high, so we’re looking to educate ourselves on how to find a good deal.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
Robert Whitelaw
Not sure why I was banned from messaging
6 February 2025 | 38 replies
We don't allow advertising or deal making in our Private Message System, so that could be the issue.
Brett Coultas
New member introduction and host financial question
21 January 2025 | 8 replies
I have my credit where it needs to be have a down payment saved of around 17k and looking into Host financial to go through for my first deal I am wondering has anyone personally used it and how do you like the company and the process thank you and looking forward to the journey
Matt Smith
Existing Illegal Basement unit remodel and short term rental
5 February 2025 | 13 replies
Remember egress/ingress are the real big deals here, both people getting out and firemen getting in.I would pass.
Ethan A.
Seeking advice: tenant violated lease with many cats
20 January 2025 | 7 replies
Two years ago, I had to deal with a 1,500ft townhome with a horrific cat odor.
Nichole Stohler
I finally moved to a self-directed IRA and here’s what happened
23 January 2025 | 16 replies
It didn’t seem like a big deal to just leave it.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
Polat Caglayan
What do you think about the future of Detroit?
12 January 2025 | 10 replies
depends on your credit if you can get a mortgage or your ability to find good deals that you use hard money for and then refinance into DSRC.