
11 February 2025 | 30 replies
although we bought about 6 years ago or so for 270 put 100k into it so you can do the math no debt .. hoa 400 we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves..

24 January 2025 | 16 replies
From an internet search"Unrelated Debt-Financed Income (UDFI) is a tax that applies to an IRA when it uses debt"

7 February 2025 | 25 replies
Yes I recently purchase this so called mentorship but before I made the purchase like a few other people stated here on this platform they were contacted and a so call interview to see if you are a good fit ...bulls..t they pry to see if you can pay with a credit card as Ed said word for word you can use more than one card but before purchasing I told Ed Peter's right hand man I do not want books and video if that is what it is I don't want it .. ooh no he says we hold your hand meaning peter as I can see someone else got the same script on this platform ..after paying 15 000 guess what came in the mail books and software with videos go figure and I stressed that is not what I want and asked for my money and Peter said no refunds I suggest you watch the videos I called to chime in on his Q&A session he was answering question from one of the another protégé and once he finished and the protégé hung up Peter said if you have any questions punch *6 so I'd did just that instead of him asking me what was my question he hung up the phone on me as if I was not there it is was sad because there was only 2 people that was on the line me and the other supposed to be protégé if you are thing Bout being apart of epartners I suggest you think twice I don't think it is a good idea I am out of 15 000 as 4/26/22 I am furious these so-called wealthy people are ripping of the public 15,000 is a lot of money to be in debt with no income coming in and you put your trust in a person that claims to be helping you reach financial freedom and don't give a dam if you live or die stay away from this program

29 January 2025 | 10 replies
I am looking for any recommendations on how to properly scale this idea over the first few years conservatively and not wanting to over use leverage and debt by starting small in duplex and being open to triple/quadplex in the future if the right opportunity presents itself.

29 January 2025 | 21 replies
However, deeds in lieu of foreclosure can be subject to judicial attack by their grantors and their grantors' creditors.Grounds for attacks on deeds in lieu of foreclosure include the following:• That the deed was an equitable mortgage - that the parties intended the deed to be given as security for a debt and that the deed was not an absolute conveyance.• That the deed is either a preferential or fraudulent transaction within the purview of the provisions of the federal Bankruptcy Act or any other related state law.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!
14 January 2025 | 7 replies
It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

27 January 2025 | 12 replies
They are also useful for private phone conversations and could be used for storage of valuables as they could be locked.I'd love to be able to broach this idea with other nationalities and cultures but it's really hard if they're not working very long hours and have hours of free time at home.

27 January 2025 | 6 replies
Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

19 January 2025 | 47 replies
With a loan, a person takes on a Debt Obligation.

4 February 2025 | 11 replies
If your debt to income ratio is good, you can control a $700-800k asset with $50k.