Ryon Pax
HELOC Payoff Advice
2 December 2024 | 4 replies
Depeding on the amount get a credit card that has no interest for 12-18 months.
Michael Soukup
Where best to spend the money from the sell of my home.
2 December 2024 | 5 replies
If i can invest it and make a significant better return after tax than paying it down I would do that but in this instance you will never be able to achieve returns that match credit card debt.
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
🤑🤑🤑As for materials, we get the sub to call us at Home Depot and we use the company card to pay for it.
Nicholas Crutchfield
Trying to set up to do real estate in the future, what should i focus on?
2 December 2024 | 1 reply
Next year i'll hit top pay and should start bringing in 1.2-1.3k a week. and the year after that i plan to move to linehaul and make about 2k a week.I do have a lot of debt, or at least it feels like it to me. the breakdown being;23k in college debt i got getting a bachelors that i never used across 5 loans ranging from 3 to 5% interest rate5k in bank loan debt i got getting my trucker cdl a at 12% interest rate.2.5k in credit card debt from not having an emergency fund and then having emergencies.
Tom Stevenson
HELOC vs Taking money out of the stock market
3 December 2024 | 9 replies
sometimes to reduce borrowing costs, I'll use a hard money loan solely for the purchase, and then pay for the rehab in cash or use a 0% credit card (I don't recommend that for new investors!)
Justin Pumpr
Experiened, but struggling REI - Advice needed
6 December 2024 | 9 replies
Risking your house on these kind of moves can become a literal house of cards as you scale.
James R.
Vrbo Police !!!! Beware !!!!
27 November 2024 | 7 replies
I have gotten a bunch of inquiries that said something similar to contact me, @ Eight six seven five three oh nine
Elia Caputo
Mhe best strategy/Mentor
26 November 2024 | 12 replies
I would forget about growing the portfolio and generational wealth until your husband finds a job and you reduce your credit card debt.Credit card debt has interest rates above 20%, there is a strong case that your rentals are not generating a 20% return.
Thomas Azoury
Convert garage w tenants
2 December 2024 | 17 replies
Agree a conversation is in the cards but if anything it would be more than fair to agree to keep the rent flat vs any type of reduction (at least that's my logic).
Julian Dragos
Rental Property in an LLC and Insurance Requirements
29 November 2024 | 1 reply
Insurance, bank accounts, credit cards, etc.You are probably making your life more complicated and expensive than it needs to be.