Lorenzo L.
Buying my first property (NEED ADVICE)
15 January 2025 | 39 replies
I've done a lot of DTS marketing and found that almost all my leads were either tire kickers or if they actually wanted to sell, the property had so many entanglements (multiple family members involved, tons of debt on it, municipal liens, etc.) it wouldn't even be worth it.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
You divide that $20k by .075 and you get a boost of $260k to the valuation.Allowing you to take the property back to the bank, get a new loan with $208k of additional debt on the property, pay yourself back that investment and now you have enough cash to buy a $1M deal and use that strategy over and over while scaling exponentially.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
What if you're a cardiologist with no debt and making $250,000 annually?
Guillermo Perez
Seller finance question
7 January 2025 | 5 replies
if it is a BRRRR you'd pay the seller off when you refinanced into long term debt, either conventional or DSCR.i don't know anything about the location, market, etc. but if it needs a 40K rehab, you need to push the purchase price even lower than 140K, or it will not work as a BRRRR.
Owen Reeter
College Student Beginner
6 January 2025 | 3 replies
Eliminate debt, establish a budget, and save.
Briley Roe
Novice investor running numbers
2 January 2025 | 1 reply
I am currently enjoying my 1k monthly income with no debt, and I am nervous about leveraging.
Charles Fay
What to do with savings
2 January 2025 | 8 replies
Quote from @Charles Fay: Hello all, first time posting and wanted to ask for your advice.currently in the military awaiting a 9-12 deployment within the next 6 months.I will have ~150k savings after deployment, 85k before, with no debt, payments or anything other than basic bills, 750+ credit.
Brady Ascheman
Should I keep inherited tenant?
2 January 2025 | 15 replies
Maybe $30 and then with that increase you could do another $30 six months later. eg, If I took possession today (Jan 1st) I'd inform them the rent was going to go up $30 on the 1st of April and then again on the 1st of October.
Gustavo Delgado
why should we still invest in real estate?
4 January 2025 | 25 replies
Debt pay down and appreciation is gravy.Is this serious or sarcasm?
Kyle Carter
Impact on Credit Score
3 January 2025 | 2 replies
You can have multiple conventional mortgages and have a great credit score as long as you don't pay late or get too close to the maximum debt to income ratio.