Justin Brickman
Whats your ideal monthly income? How many homes/doors will you need to achieve this?
6 May 2024 | 65 replies
in addition, you could have extracted value via a refi without being taxed at extraction for that money, 1031 to another property deferring the taxes, die and have the entire gain vanish for tax purposes.
Forrest Brown
Hold and Rent OR Sell and Invest Out of State
3 May 2024 | 25 replies
This is because all of my properties were financed extracting value between Dec 2020 and Dec 2021.
Dean Valadez
Bookkeeping and Cash Flow Questions
4 May 2024 | 28 replies
Thus, your exit/extraction, with grant you all that money back TIMES 3-5.
Jeff Lawlor
Where to Find Brokers to Lend Out My Capital?
2 May 2024 | 45 replies
Thanks for the shout-out, @Jay Hinrichs.Now that you advertised you have money to lend with no criteria, @Jeff Lawlor, you’ll hear from everyone and their brother, nationwide, looking to extract it from you.
Robert S.
Standing water in yard and window well
30 April 2024 | 13 replies
You can find videos/articles online on how to get the basement dry, but the basic process is: 1) turn off all electric to the basement (to avoid electrocution from the water), 2) run pumps to get the standing water out of the basement (sounds like you're already doing this)3) remove all furniture and items from the basement,4) once you've pumped out the standing water from the basement, rent a wet/dry carpet cleaner/extractor from home depot, and use it to extract as much water as possible from the carpets (they'll be much lighter and easier to move once you get the water out). 5) After you've used the carpet extractor to get most of the water out of the carpet, remove all carpet and get it out of the house for drying (if you're trying to salvage the carpets), or throw the carpet out.
Marco Werner
Add value through ADU conversion
28 April 2024 | 5 replies
However if I do a BRRRR I can achieve infinite return by extracting all of my investment.
Cara B.
If you had unlimited funds, and lived in Los Angeles, what would you invest in?
30 April 2024 | 21 replies
Myself included, I'm one of the few here with nothing to sell but I've extracted so much info from the forums it'd be a fat lie if I said I'm all give, no take.Best thing to do is not use your real name too.
Joshua Michael Hauman
Should you pay off a house completely?
27 April 2024 | 2 replies
Then they extract this equity to invest in more wealth building assets instead of paying it off completely.
Kai Sato-Franks
Dave Ramsey recommends buying everything with cash!
30 April 2024 | 140 replies
If however that's not the case, obviously getting a mortgage and using your cash as down-payment is the preferred option.For example - I started with $70k, BRRRRed a rental and pulled all my equity out, which I put into another rental and I'm going to extract the equity pit of it as well.
Michael Calvey
What’s keeping you from investing in real estate right now?
26 April 2024 | 45 replies
After refi to extract investment at current rates, the RE is huge cash flow negative.