Story time.

Many of the horror stories I have heard and witnessed in real estate came from the notion that funding real estate with personal debt or credit cards is a good idea. 

The moral of this story is to have good home owners insurance!

I price higher in other months so the lower occupancy doesn't hurt.Would love success stories on how to really attract.  

Quote from @Spencer Elliott: Long story short, land is on loan and I’m purchasing a manufactured lot as a temporary home/future ADU to my final build.

One more tip – people remember stories that trigger their emotions.

It’s a fully renovated, modern-styled, 2-story townhouse with 3 bedrooms, 2 bathrooms, and a basement in Baltimore County, where I live.

Long story short, the only ways to get more than 80% out of an investment property in an LLC are A) a private lender dumb/crazy enough to do this, or B) sell it.

For instance if this is a $10M portfolio that's levered with loans totaling $9.1M, there's no equity that can be pulled but if this is a $1M portfolio with $100K of debt, its a different story.

I’m sharing my story so everyone can be aware and hopefully avoid the same experience.I received a call from one of my ads that targets probate clients.