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5 February 2025 | 4 replies
If your interest payment is $8,125Your stocks have to make a dividiend of about $11,000 of which you would prolly pay 15% to 25% in federal / state taxes / NIIT.Assuming you will make a 10%-11% return is not guaranteed.You will also feel good about having a paid off property(relief).Furthermore, your credit score may go up with a paid off property.Best of luck!
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29 January 2025 | 9 replies
Most local banks and credit unions will have free accounts.You need two accounts: checking and savings.
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2 January 2025 | 18 replies
The only example I can think of is that I asked an applicant questions about their credit report.
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15 January 2025 | 6 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
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19 January 2025 | 7 replies
@Justin FondrenIf your credit score is in the 700–730 range, you're in a great position to secure favorable loan terms.
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20 January 2025 | 23 replies
More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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23 January 2025 | 56 replies
It may be too late.yup stop payment.. also for future reference if you cant pay cash for these kind of educational events don't do it.how are you going to do business if you have to charge this to even get started.. this is the very thing that really bugs me about the real estate education sector in the US>. talking people to go into credit card debt when they know full well only 10% or less of folks that try this or any kind of wholesaling / flipping/ notes / lending etc will do anything .. and especially if you have no capital.
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9 January 2025 | 59 replies
I have them process credit card payments.
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30 January 2025 | 13 replies
Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"
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3 February 2025 | 3 replies
Required good credit, adequate reserves, full doc commercial loan with a personal guarantee.