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18 February 2025 | 15 replies
There’s no substitute for hands-on experience.
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20 February 2025 | 7 replies
Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.
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13 February 2025 | 5 replies
Me and my wife currently have a sonyma fha loan.I have no other dti except for my mortgage payment.
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13 February 2025 | 6 replies
With no lease or anything legit in place.
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18 February 2025 | 17 replies
No brainer to stay there if I was looking in that area.
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11 February 2025 | 15 replies
Amazing, no debt and 10k before graduating!
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18 February 2025 | 4 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
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16 February 2025 | 1 reply
He prided himself on being hands-on, convinced that no one else could do the job as well as he could.One evening, exhausted from another 14-hour day, Michael met with his friend James, a seasoned real estate investor."