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24 March 2024 | 15 replies
Rather than me saving up for a down payment to use with a Hard Money Loan to quickly purchase a property, I spent the last 2 years trying to balance out my debt from the program and debt from daily life.MY advice is DONT DO IT.
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23 March 2024 | 6 replies
That way if anyone complained your small portion each month would balance things out.
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22 March 2024 | 5 replies
Cash flow / Balance sheets / etc.
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23 March 2024 | 10 replies
It's important to do your due diligence and research the local market, as well as establishing a strong network of professionals to support your investments.Ultimately, the best deals are the ones that align with your investment goals and provide a good balance of cashflow and potential for long-term growth.
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22 March 2024 | 8 replies
You are starting a new lease with these tenants, so basically you can charge whatever you want, including pet deposits and pet rent (assuming its legal to do that in your state), and increase in rent (again, some states limited how big of a % you can increase it).Its the balance of increasing it closer to market and protecting yourself for eventual damage by having pets in your units vs inducing a vacancy and starting over.....which can be scary but often its a good thing when you take over someone else's tenants.
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22 March 2024 | 1 reply
If you’re done acquiring more property you could pay extra on the smallest balance to eliminate loans or the highest rates to save the most money.
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22 March 2024 | 21 replies
He puts your tenant's tears on his hot dogs after he raises their rent. haha, love it mate.Believe it not, our rents are priced a bit lower than other PM's in the market.I guess that's why we keep vacancy across the book at 5% or less with only a few evictions each month if that.Thanks for the mention amigo Yea it's a balance that is important for investors to understand.
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22 March 2024 | 5 replies
Your husband should review the plan documents or contact the plan administrator to understand the specific rules that apply to his 401(k) plan.Loan Limits: 401(k) loans are usually subject to certain limits, such as a maximum loan amount based on a percentage of the account balance or a set dollar amount.
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21 March 2024 | 11 replies
Question is: If we decide to keep our current residence and rent it out, will the HELOC balance become due immediately once it is no longer considered our primary residence?
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21 March 2024 | 0 replies
Introduction:In the constantly shifting sands of real estate investment, finding a niche that balances risk and reward is paramount.