
6 May 2024 | 12 replies
Reason for the LLC is I have 180k of equity in this home, additional 150k in retirement savings and another 60-80k in cash in my bank account and I want to make sure im protected if I rent it out and the renters sue me (im told that is a thing) - the nw home would become my new homestead2) Put a heloc on the home (im told I should be able to get about 100k on top of about 60-80k cash I have), keep it as my primary and use the money as a downpayment for flips and either payoff upon completion or put a tenant in and refinance out3) Refinance out 90-100k from my current home, mortgage payment would go up $300 per month ($3600 a year) and just use that money for flips/buy and holds or even just stick in the S&P at an average of 7-8% return so I am making 3-4% more on my money then it being in the houseI am super new to all of this, have been saving my pennies up for awhile and need to get going.

5 May 2024 | 5 replies
I have long term goals of cash flowing for retirement.

5 May 2024 | 8 replies
@mike @Mike Dymski NEVER move money from a checkbook IRA LLC directly to another retirement plan.

6 May 2024 | 23 replies
Put 10 years in and you probably could retire.

8 May 2024 | 50 replies
Check the am chart for how long the pay down takes to pay off a 5% realtor fee.Having other people retire your debt at 7.5% (for instance) is a wonderful thing.

2 May 2024 | 4 replies
My total of all annual expenses is about $220K- everything, insurance, haircuts, leisure travel, property taxes, etc all included in thereI dont want to semi-retire any time soon, but I think it's smart to have long term plans.

4 May 2024 | 4 replies
Normally I say you can find everyone, but many of the sellers were moved/retired out of the country, not easy access to notary, etc. or maybe the die and so that leaves the buyer in somewhat of a difficult situation to resolve.

4 May 2024 | 2 replies
They would most likely use your liquid assets (cash, stocks, retirement account) to qualify to make sure you have enough for downpayment + closing costs.
3 May 2024 | 0 replies
If you are in the corporate world in CA and are tired of having to go into the office or having zoom calls in your underwear with a nice shirt and tie on or if your are self employed in TX, what are your options for r...

5 May 2024 | 64 replies
No wonder that, as mentioned in the attached article, pretty much everything is described with rose-colored glasses and there is a lack of anything negative.As far as I know, they haven't promoted a development in the Dominican Republic, in spite of the fact that it can be a great place to retire and invest.