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6 December 2024 | 45 replies
We have about 30K saved and are willing to move just about anywhere in the country (spots that cashflow??).
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5 December 2024 | 554 replies
I don't have the time to study Bitcoin nor do I have the time or desire to study any individual company thus I invest my traditional retirement savings into low cost index funds.That being said, I do feel like I can study and become educated about my local residential real estate market and it is an interesting topic to me so that is where I spend my time, effort, and excess capital.Regarding, investment vs gambling.
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3 December 2024 | 10 replies
The long-term strategy involves building equity, saving, considering taxes, and leveraging rental income for investments.
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3 December 2024 | 16 replies
So you have some meaningful cash flow that can be saved to expand your empire.
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5 December 2024 | 6 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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2 December 2024 | 9 replies
You get to make offers on your own and potentially save on buyer's commission.I wouldn't recommend if you already have an active income that is serving you well because it would be better to invest time in that endeavor if that's the case.
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4 December 2024 | 6 replies
Most of the time brokers who want to represent themselves do so because they want to save money, bottom line.
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1 December 2024 | 377 replies
I had Heloc and savings to make up for the 0-25 unit range (approxx 15 or 16 of total ownership).
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25 November 2024 | 32 replies
Paying my commission or even just getting a $500 appraisal would have saved him $500k.
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4 December 2024 | 10 replies
You probably had a little tickle in your moral compass which gave you pause, which is why you reached out.My wife is an accountant, when we look for every possible tax break it doesn't feel like theft, we feel accomplished to find a place for more savings and lose zero sleep over it.