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7 November 2024 | 12 replies
But if CC companies/banks want to offer 0% interest for a period of time, I'll try and figure out a way to take advantage if I can!
4 November 2024 | 1 reply
You can request recent pay stubs, an employment letter, or bank statements that show regular income.2.
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4 November 2024 | 9 replies
Here's a record of the non-payments (judge: but there is nothing on this bank statement) exactly...that's my bank account for the rent, and it has not been paid.....so then the judge will turn to the tenant and ask for proof of payment.
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7 November 2024 | 21 replies
If you do it correctly and have the correct paperwork its a great way to buy property with little or no money down.Seller financing is the "Seller" acting as the bank with their equity and loaning the buyer that amount of money for a negotiated period of time.
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6 November 2024 | 7 replies
Opening a bank account is one, filing and paying taxes is another.
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7 November 2024 | 8 replies
Depreciation isn't an actual cash outflow [because we+the bank made the actual cash outflow at closing], but we get to write off the cost of the asset as an expense over time.Since cash flow doesn't equal net income, there are different scenarios that can happen. 1) Cash flow can be higher than net income.
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7 November 2024 | 51 replies
Its way easier to take a couple million from a bank or credit union through a Line of Credit than it is to please 100 small time investors with $50k invested.
5 November 2024 | 5 replies
@Aria SahaI did this and my bank wasn’t happy I moved 5 of my deeds from my personal name to my LLC.
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27 October 2024 | 1 reply
Hello Fellow landlordsWondering what banks do you use.
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5 November 2024 | 5 replies
You could then get a HELOC/LOC on that paid of property (a product that doesn't require you to use it) and then if you did have a big emergency you had a line to use on it.Now, ALL of this is dependent on how much money you have in the bank, how many properties you have, what your income will be like in retirement, what the standard age would be for your end of life (that's a scary one to think about), and while yes, you can certainly take equity out I just think it would be good to sit down with a financial planner...or even some other investors that are local to you that are around your age demographic and see what they are doing.I'm glad you are thinking about this for sure.