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14 February 2025 | 19 replies
You want enough so that a potential law suit would go away if the insurance paid out.Best thing is to highly maintain your property and treat guests with respect so that no one would ever want to sue you.
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19 February 2025 | 13 replies
How high can housing prices in the City of Detroit go?
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22 February 2025 | 9 replies
.$847 in the bank699 Credit Score133% revolving utilization/over the limit maxed out personal credit cardsQuite a bit of other high interest debt/loans borrowed during the first year in business$3,580,000 Appraised Portfolio Valuation$2,139,400 DSCR Mortgage Debt in my LLCs$1,440,600 Equity (Appraised Value-Mortgage debt)8 Remodeled SFRs1 Converted Remodeled Duplex2 SFR Remodels currently in process2 Apartment Buildings - 13/14 units occupiedA little more experience to say the least234 Audible books in my libraryAs I'm sure any experienced investor can gather, having the sizable amount of personal debt as I do, supplier house account payments due, PMLs that need to be paid, etc, not having liquidity/any money in the bank is an ISSUE.
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22 February 2025 | 4 replies
Currently have a duplex I’ve been in 3 yearsMortgage 3.65% pmt $850Tenant pays $875Heloc $30k——monthly $291The issue I am running into isRates are so high right now and it’s a lot harder to find another that will cover full mortgage.Does it make sense to leave somewhere that it is full covered to go to one that is not?
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20 February 2025 | 0 replies
I am highly motivated, soak up knowledge like a sponge, and open minded.
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5 February 2025 | 54 replies
Prices in relation to rent are too high to have the cushion that was available before.
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10 February 2025 | 1 reply
•If CPI remains high (3.4% or above): Mortgage rates are likely to stay at current levels or even increase slightly as the Fed remains restrictive.
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14 February 2025 | 5 replies
If you're in a high-cost area, consider out-of-state markets where you could buy a rental property outright.
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20 February 2025 | 23 replies
Syndications are great for truly passive income, offering tax benefits and diversification, but require high minimum investments and long-term commitments.
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16 February 2025 | 2 replies
If your opt-out percentage is too high then it may look suspicious to the carriers; ultimately, affecting your delivery rates.The goal is to keep you opt-out percentage low while maintaining compliance.