Jose Mejia
refinancing a property from hard money lender
19 January 2025 | 15 replies
Typically, they will refer to this as the DSCR (Debt Service Coverage Ratio) of the property.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
It’s typically all of the work to get numbers to enter on the return!
Desiree Rejeili
How Much Home Equity Have You Gained? The Answer Might Surprise You
13 January 2025 | 0 replies
That’s because the longer someone has lived in their house, the more that home’s value has grown, which directly increases equity.And if you’re one of those people who’s been in their home for 10 years or more, know this – according to NAR:“Over the past decade, the typical homeowner has accumulated $201,600 in wealth solely from price appreciation.”The Benefits of Having Home EquityWhat does that mean for you?
Thomas Farrell
Johnson City/Knoxville, TN Investing
4 January 2025 | 0 replies
I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.
Ram Gonzales
Creating a debt fund for owner finance strategy
15 January 2025 | 29 replies
Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside.
Tobi Isaacs
Who can beat this HELOC?
9 January 2025 | 5 replies
If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.
Darnell Holland
Tear down rebuild numbers
12 January 2025 | 4 replies
I've done a few so I'm typically offered 90% LTC.
Jimmy Rojas
Best place to get a -$40k personal loan
31 December 2024 | 3 replies
Personal loans are typically shorter term maybe up to 5 years.
Rene Hosman
Have you ever moved your HSA to get better investment options?
15 January 2025 | 10 replies
Typically, you can only do one rollover per 12-month period (again, IRS Publication 969 has the details).In the end, having the option to invest your HSA funds is usually a better bet than letting them sit in a basic savings account.
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
This would typically occur only if you are over extended.