Zachary Rosa
1031 or not!
11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
Armani Pimentel
I'm a 16yo trying to learn wholesaling to start when I'm 18
27 January 2025 | 4 replies
Being able to look one of these sellers in the eye and tell them that you can, as a licensed agent, either list their property or attempt to assign the contract, assuming wholesaling is legal in your state, is a huge credibility booster.2) Get an entry-level job, hustle, save as much as possible and plan to house-hack when you turn 18-21.
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
If I could move to a more simple software than QBO, it would save me several thousand a year, and the simplicity would be valuable as well.
Alex Messner
Purchasing first home (with debt)
16 January 2025 | 10 replies
Some people are able to save money and budget and others are not really good at it.
Diandre Pierce
I have 5 houses renting, what's next
12 January 2025 | 8 replies
Health insurance payments, Health savings account lots of options.
Steven Diaz
New Construction suggestions for STR
23 January 2025 | 6 replies
Steve if you can go without buidling the extra garage below the ADU it will save a lot of money. if you can get two studios it will do much better than one ADU.
John Williams
Private Money Lending Gone Bad
16 January 2025 | 15 replies
Instant equity just seems to save everyone in the deal.
Treza Edwards
Cash Flow Corrections
14 January 2025 | 6 replies
The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?
Enrique Toledo
Seller financing financial questions
27 January 2025 | 7 replies
My recommendation is before chasing all these real estate deals is to go earn and save some money so when a good deal comes a long you can take action and move on it.
Cathy Svercl
Rent credits for cleaning & painting by future Tenant
15 January 2025 | 8 replies
However, she has requested a Rent Credit.I have no problem letting her clean since that will save us money and allow her to get in there faster.