
19 January 2025 | 61 replies
All the while you could instead be putting that money into a new property (or properties) more quickly.

22 January 2025 | 9 replies
The owners who switch to a PM come to me for the same reasons Drew said above.It is not rocket science, most folks hit a point where they no longer want to trade their time for money.

20 January 2025 | 15 replies
My thoughts on this platform are that it's another money grab.

10 February 2025 | 47 replies
Seems like access to all the APIs/data costs a significant amount of money and that it’s cheaper to use prop stream.

24 January 2025 | 6 replies
I’m currently in the save all of money phase, I want a couple years of solid savings and some education before I get started, I’m 33 and have been working construction my whole life so this will be a much different career path for me.

23 January 2025 | 4 replies
That’s our concern about it penciling out on paper but the reality might be that it ends up costing us money.

28 January 2025 | 12 replies
Spend your time and money learning how to avoid that kind of situation rather than learning from on the job training.

4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?

23 January 2025 | 16 replies
Especially as it relates to being able to rollover IRAs and old 401k money into a Solo401k.Self employment allows you to contribute large amounts to Solo401k to reduce FICA taxes.

30 January 2025 | 19 replies
Revenues get low he just sends em out to do a random "unit inspections" to churn some more maintenance money.