24 May 2018 | 29 replies
@Sarah Smith I was recently looking into doing 1031, and decided not to sell, so I'm a bit rusty on this, but I believe you also need to bring in the equivalent amount of debt (or more).
11 May 2018 | 4 replies
Debt is from a mortgage on our primary residence and student loans.I'm now in a situation to either reduce debt or increase my regular income (via paying cash for rentals/purchasing notes/something like that) to a point where my dti would be more attractive to lenders.
10 April 2018 | 39 replies
The best system to prevent this would be to throw every non paying tenant into debtors prison.
9 April 2018 | 0 replies
If I only raise debt or convertable debt is there a maximum amount of capital that I can raise or is it whatever people are willing to lend me?
29 March 2019 | 18 replies
If we sell our primary house, is it better to pay off the student debt or put a nice downpayment on the next house?
15 April 2018 | 3 replies
Brother 1 - has 20k car loan, 5k personal debt, 3k school debtBrother 2 - 10k cc debtMe - 32k student loans, 10k car debt 0 cc debt My question is should we use the money to pay off some of our debt or keep leveraging debt and get another multifamily.
4 July 2018 | 46 replies
Hotel points are amazing when you can redeem points for stays at aspirational properties that smart people like us would never use cash to stay at.I focus on teaching people to use airline miles and hotel points to reduce their travel expenses so they can use their cash to invest, pay down debt, or travel more & have better experiences.I recently spoke with @Mindy Jensen and @Scott Trench on the BiggerPockets Money Show Episode 27 where we talked about everything you need to do to get started in the world of travel rewards.
4 February 2019 | 11 replies
If that's the case and no damage, you simple have to goto the Enforcement office and file for garnishment.I haven't read the recent changes, but usually you can mail the debtors copy to their last known address.
8 May 2018 | 36 replies
Good idea.The context is the judgment debtor getting a new mortgage.Premise still good?
18 May 2018 | 36 replies
Also, if you can, get a second job or some kind of side hustle (legal of course, like cleaning common areas, cutting hair, cleaning homes, etc.) and use that money solely for paying of debt OR saving for a down-payment, making sure you put it in a high-yield savings account, so it can grow interest while it sits in there......no taking anything out of it.