Right now, we’re carrying about $60,000 in debt ($40,000 in credit cards and a $20,000 car loan).

@Duarte MarquesPossibly but highly not recommendedFor those with no real estate experience or experience in taking on debt, it’s not easyTo do it also with little to no down payment or reserves in most occasions will end in disasterReminds me of when in high school a friend used to let his dog drive his car.

Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.

In addition, a DIL does not automatically satisfy the underlying mortgage/DOT so if you accept a deed from the DIL grantee you may find a title insurer will require a release or sat of it before insuring.We have often used a “friendly” foreclosure instead of deed in lieu when we needed to “wipe out” liens junior to ours before taking property title.   

Amarillo isn't a destination per se, but a tremendous amount of people come through here every day on Interstate 40 - about 100K cars per day. 

There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.

Was it hopping in the car and checking out your local competitors? 

Not sure if you use a PM, but my software tracks the policies and lets me know automatically if there is a lapse in the renters policy, so that we can try and avoid this type of scenario.

Credit Unions are pretty great, as in my experience, commercial loan renewals tend to be automatic.

These are luxury duplexes consisting of 3 bedrooms and 2 car garage units.