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19 November 2024 | 2 replies
As you read these books, watch the BiggerPockets podcasts.
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18 November 2024 | 4 replies
I watched some of your videos on YouTube and was impressed.
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22 November 2024 | 15 replies
If I get called to change a light bulb, which has actually happened to me, I give them a checklist of things that are expected to be done by the tenant, including changing light bulbs, I also gave them a link to youtube ;)
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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21 November 2024 | 1 reply
I've gone through books and all the various YouTube stuff, but best to talk to real people doing the real thing.
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20 November 2024 | 19 replies
As you read these books, watch the BiggerPockets podcasts.
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21 November 2024 | 4 replies
You can learn almost everything you need about that on Youtube.
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26 November 2024 | 3 replies
So lots were trading at 500. to maybe 3k in the day.. then they shoot up to 10k and when there is a boom they will shoot up to 30 to 40k only to drop back down to 10k I have watched those prices all these years..
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21 November 2024 | 11 replies
We would recommend just listening to some podcasts / Youtube or jumping on FB and looking for Note Groups.