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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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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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26 December 2024 | 8 replies
Don't buy anymore land courses and just take MASSIVE ACTION.
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16 January 2025 | 9 replies
In my search, I've noticed that many positions require proficiency in Yardi.I've been actively looking for effective ways to learn Yardi, but it seems challenging to find suitable training or courses online.
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10 January 2025 | 28 replies
Thats your bonafides to being able to do future deals.As mentioned above, keep your credit perfect.
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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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22 January 2025 | 1 reply
(Of course, you are less likely to own the building then.)