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22 December 2024 | 105 replies
It's the equivalent of the guy with the expensive car and big house acting rich vs. the actual rich guy that lives in a modest house, drives an old truck, and buys his clothes at Costco.
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17 December 2024 | 3 replies
Given that I recently created a Series LLC here in TX, and there still doesn't appear to be straightforward options in this regard, I figured I would bring it up again.
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6 January 2025 | 25 replies
Also, as others have noted the way you appear in a lenders eyes will change as soon as that $500k salary goes away.
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20 December 2024 | 3 replies
Other times, it might mean looking beyond your immediate market—maybe considering places like San Antonio or Omaha if the right deal appears..from what I’ve heard those markets have their own circles of trust.
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16 December 2024 | 35 replies
Hey @Eric Chappell You've absolutely nailed it - "class tracking" or the equivalent somewhere else is usually a top dollar feature.
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10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
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19 December 2024 | 5 replies
The WY LLC has a local registered agent, so it will appear perhaps like an outside private lender, rather than me being my own lender.
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18 December 2024 | 45 replies
You appear to be an investor who only cares about their spreadsheet's best possible outcome without any regard for risk.
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2 January 2025 | 53 replies
However, you appear to be the type that doesnt really want to deal with some of the work or extra effort needed for those strategies.
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3 January 2025 | 26 replies
From watching Reddit and my area, it appears to be the case.