Josh Willis
How to get started in real estate with only $10k
3 December 2024 | 15 replies
We just bought a house in a highly desired older neighborhood.The owner agreed to owner finance it with 5k down over 5 years at 0% interest.We did put some money into the house to fix it up some.The rental income will cover the payments.Always ask for owner financing, the answer might surprise you.Work with money partners to do more deals.Join your local Real Estate Club and learn new techniques and grow your network.
Tim Callahan
In Maine, can I use a tenant's security deposit to cover legal fees for an eviction?
26 November 2024 | 4 replies
Can I use her security deposit to cover these legal fees I've incurred due to her not moving out?
Joe S.
Rethinking some of Dave Ramsey‘s teaching
2 December 2024 | 5 replies
I have taken dozens of flights for free using credit card points, but Dave isn't going to teach that technique to people who can't control their spending because there's too much risk that they won't have the same discipline I do.Dave teaches people to invest safely because he doesn't want people with no financial discipline taking his advice wrong and chasing get-rich-quick schemes.
Bill Warren
Asset protection help
7 December 2024 | 1 reply
The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.
Scott Tennell
Creative Financing Strategies: What’s Working for You Right Now?
8 December 2024 | 14 replies
These properties can often be acquired through creative financing methods like:Seller Financing: Negotiate flexible terms with motivated sellers who want to avoid traditional bank processes.Lease Options/Subject-To Financing: Take over a seller’s mortgage without assuming full responsibility, especially for properties needing renovation.Creative Terms: Adjust terms to fit market conditions, like offering lower down payments or longer payoff periods.Staying connected with investors and tailoring deals to current conditions can help you secure opportunities even in challenging markets.
Saika Maeda
ADU permit or not; financial implications
20 December 2024 | 27 replies
Permitting also secures compliance and avoids fines, which can be significant in LA.This post does not create a CPA-Client relationship.
Ryan Raven
Property management license IL
6 December 2024 | 5 replies
Please consider this if you move forward.Additionally, you need to have a broker on payroll in illinois and three separate bank accounts with the security deposit trust account located in illinois.
DeBret McGee II
What other routes are possible to secure deals
21 November 2024 | 14 replies
This is even true for student debt.I recommend the old-school, proven technique of paying off all debt.
Adam Taylor
Minimum Cap Rate?
4 December 2024 | 1 reply
Signs of this are poor lease quality, maybe M2M tenants, high expenses (unnecessary things like high trash bills, internet, cleaning, security).
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
So does the time to secure a property for sale, insurance and taxes will accrue.