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5 June 2024 | 10 replies
I know that can be a trap for many now, because, to put the shame of their impoverished pasts behind them, they take on oversized mortgages and car payments and loads of lifestyle expenses that keep them living paycheck to paycheck forever.What have you had to unlearn along the way to achieving your own goals?
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6 June 2024 | 16 replies
I think what my team was trying to say is that our properties move quickly so we sometimes don't get the pictures all loaded up prior to them selling as we have many return clients who already know what they're getting and feel confident moving forward.
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7 June 2024 | 19 replies
There are loads of other investors and free resources that you can find here as well.Real estate is not rocket science; don't be convinced that there are secret, magic bullet strategies that result in quick, short term wealth.
6 June 2024 | 7 replies
Discuss with your attorney whether it is in your best interest to reaffirm the debt.With a chapt 7 you have reduced your debt load and lenders know you can't file again for 7 years.
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5 June 2024 | 7 replies
Anyone with active listings in the area care to weight in on approximate summer rental income?
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4 June 2024 | 8 replies
I can't imagine the weight you feel with both parents passed away and now you are left with things that constantly remind you of them.
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5 June 2024 | 2 replies
(Non-Load barring).
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4 June 2024 | 1 reply
Currently conducting research and finding that most software is limited when it comest to:• Current Equity in the property• Updated Appraisal Value• Updated FTV %Reonomy has some of this information IF there is a CMBS loan; however, it only shows the appraisal value at the time the load was issued... so, it was issued in 2019 thats where the appraisal value stops, leaving a 5 year gap.
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4 June 2024 | 5 replies
That's not cashflow, that's raising investor capital to return investor capital and charging a fee in between.2) Claiming a low basis of $132k/unit while loading the deal with so many fees and reserves needed to make it not an immediate foreclosure, that the all-in basis is actually $193,952.
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4 June 2024 | 23 replies
In 2009, when I bought my first rental property in Virginia that gets heavy use (4-6 adults), I bought a used white ice maker fridge for $300, a used front load washer and dryer pair for $700, used otr microwave for $100 and kept the existing old white dishwasher, oven, furnace, ac, hwh.