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Results (10,000+)
Drake Backman Newbie trying to learn the ropes
26 January 2025 | 3 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
Ryan Daulton Benefits of self-directed IRAs
14 January 2025 | 18 replies
Bought a triplex in 2011 with all cash in my retirement account.
Panos Coufos HELOC to Fund Downpayment on Next House Hack?
23 January 2025 | 1 reply
I have cash reserves and money in retirement accounts, but I don’t want to dip too deeply into my reserves.
Michelle Skitco Ready to start REI
13 January 2025 | 5 replies
That’s okay—what’s important is understanding the "why" behind your investment decisions.While your accountant’s suggestion is a great starting point, make sure investing aligns with your own goals and situation—not just because someone else is enthusiastic about a particular strategy.
Nick Hulme Home Improvement vs Investment Properties
16 January 2025 | 5 replies
We plan to stay in this house for more than 5 years unless another great opportunity arises, but maybe it is best to allocate a bigger portion of savings to our real estate investment savings account than our home improvement savings account for the first few years.
Joy Daniels What Marketing Strategies Have Helped You Increase Occupancy Rates for Your STRs?
25 January 2025 | 8 replies
Realistically speaking, except in very rare cases, I think it’s all about pictures pictures picturesMost people aren’t gonna have success  starting their own booking website or running targeted ads or creating some amazing Instagram account.
John Jacobs Actual Cash Value versus Full Repair Cost
20 January 2025 | 5 replies
Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.
Carlos Silva Velocity Banking for paying off mortgages
13 January 2025 | 19 replies
Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?
Abraham Garza 1acre with 4 manufactured homes for rent is it a good deal? Newbie
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
Tiffany Palaskas Sell or keep income producing duplex
1 February 2025 | 50 replies
You’re in a win win situation no matter what however I guess you would also want to take in account any major cap x repairs that might be coming up soon in the future you might want to avoid paying.