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19 January 2025 | 10 replies
I am not worried so much about maximizing it rather than that it gives me a bit; because as more of the estimated $150000 property mortgage I want to take is paid down, the numbers get a bit better with appreciation as well.
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13 January 2025 | 4 replies
I have seen some offers from Main Street come through, which is one of the biggest hedge fund type buyers.I've seen offers from Offer Pad and Opendoor in the last few weeks as well.
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13 January 2025 | 11 replies
I usually provide our budget as well with totals spent.
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18 January 2025 | 3 replies
I recommend you hire an attorney for this until you know the process well enough to do it alone.
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16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.
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13 January 2025 | 25 replies
Best of luck, and if I lived nearby I think I’d be bullish on, and potentially investing in the area as well!
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13 January 2025 | 16 replies
These policies also cover you in all other areas of life like car accidents as well.
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15 January 2025 | 9 replies
I appreciate the warm welcome and well wishes.
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16 January 2025 | 15 replies
Hi Penny i'm actually an investor that resides in Odessa as well and my realtor actually just sold a duplex recently and in that area they have several occupied duplexes and some for sale.
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16 January 2025 | 0 replies
I stayed in touch with all of my investors who bought off of me to see how well they did and my biggest joy was when they returned to buy more or told their friends about me and what I do!