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12 January 2025 | 5 replies
But if you're able to figure it out and get it built, you can rent out the units and essentially BRRRR it and pull some/all of your equity out to repay your debts, yourself, and potentially keep the investment cycle going.
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9 January 2025 | 5 replies
If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.
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5 January 2025 | 17 replies
Also, you will likely only be able to use the rent to offset the mortgage pmt debt on the rental property to $0 since you dont have any Sched E history yet.
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9 January 2025 | 9 replies
The cleanest route but the least attractive method for most investors is to have the investor provide debt.
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10 January 2025 | 6 replies
That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.
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9 January 2025 | 5 replies
Get on a budget, build your emergency fund, pay off all debts, save up.
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17 January 2025 | 22 replies
You can bypass the longer seasoning requirement with a debt service loan.
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6 February 2025 | 58 replies
no debt?
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15 January 2025 | 8 replies
@Keith Groshans, consider a real estate debt fund and reinvest the monthly dividends.
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7 January 2025 | 0 replies
My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.