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Results (10,000+)
MIchael McCUe Is debt relief a good idea, filing bankruptcy
9 January 2025 | 14 replies
Quote from @MIchael McCUe: Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in  5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.a list of my debtGst Hst Tax 4500 income tax from working with my dad I oweScotiabank credit card 1400Canadian Tire credit card 500cash money loan 2400Belair 600echelon 600should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.Here are the negative consequences, in regard to real estate, of filing bankruptcy1.
Jerry Tello Over The Counter (OTC) Tax Liens
14 January 2025 | 11 replies
Quote from @Daron Williams: I just invested in a tax deed here in texas it was a beautiful lot right on lake sam rayburn. i have it on the market for sale the only problem is you have to have two lots to build on.. i found the person that owns the lot to the right of me and there willing to possibly sale there lot the only problem is i dont have the money or the credit  to purchase it.
Loren Souers Best deal for first time rental purchase
19 January 2025 | 8 replies
Yes, that’s another credit union only asking for 10% down with no pmi.
Jordyn Ohs Best way to pay down or off a Heloc
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.
Kyia Raiford Newbie eager to learn & find a mentor!
21 January 2025 | 9 replies
Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.
Adam M. Cost for a Tax Specialist
13 January 2025 | 7 replies
I've seen folks charge as high as $5,000 to $10,000 for tax planning and tax preparation, But i also know high quality folks that have fees are around $1,200 to 2k.
Garry Lawrence 19-Year-Old Closing on First Rental Property – Seeking Advice!
11 January 2025 | 12 replies
Verify credit, employment, etc for you. 6) I would definitely want noise (quiet hours), guests, and treatment of common areas covered. 7) We've used Rent Manager as it focuses more on the financials which I think is super important.
Olivia Armstrong FHA or any options for property with two homes?
14 January 2025 | 2 replies
We have no debt and good credit scores, do we have any options for making this work?
Justin Fondren First Property Steps To Buy
19 January 2025 | 7 replies
@Justin FondrenIf your credit score is in the 700–730 range, you're in a great position to secure favorable loan terms.
Tyler Graber scale from 1 to 2?
21 January 2025 | 8 replies
Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.