25 February 2024 | 10 replies
I currently have a little over 35k in high yield savings and I'm on pace to have around 100k when I'm 18, I have a bit of money in stocks but I've always wanted to get into real estate, ive been watching the bigger pockets podcast for a while and ive also read quite a few books, i know how to value properties and I have 2 people who are willing to cosign deals for me.
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26 February 2024 | 24 replies
The only thing you need to watch out for is the 50% rule.
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26 February 2024 | 1 reply
What we need to think about is what to make for dinner, or how to meet this deadline, or what show to watch tonight.
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28 February 2024 | 63 replies
A reasonable amount of homework (stuff to watch/listen to, informational forms and worksheets to fill out... basically forces you to really THINK about what it is you want to achieve so it can all be mapped out and make sense as an actual plan).
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24 February 2024 | 15 replies
Plus, I'm looking into STRs and MTRs, so lenders that have experience with and options for those types of properties are also ideal.If anyone has any advice on what to look for in these types of lenders or any red flags to be on the watch for, feel free to comment below as well.I look forward to hearing from everyone.Thanks!
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23 February 2024 | 25 replies
I just watches a YouTube video on it.. pretty real in 2019
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23 February 2024 | 9 replies
Dont go by what you watch on youtube or read crazy success stories online.
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23 February 2024 | 24 replies
This is not to say an experienced sponsor has bad deals, they will, but an investor typically will not only get 100% wiped out but if the company also took bonus depreciation the LP's will also have to pay that money back to the IRS, so its a double whammy (not an accountant but one may be able to chime in more on this).If you are a LP and invested in a syndication that has bridge debt, I strongly recommend you watch it very closely.
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23 February 2024 | 14 replies
In a perfect world, your primary would be paid off and the only HELOC on it would be for peronsal emergency issues - job loss, medical, etc.Recommend you find a lender that finances rentals, get a refinance going, then watch mortgage rates for the next dip to lock in a decent rate and close.