
25 September 2024 | 13 replies
Out of state investing is great, however everyone out of state is incentivized to take money from you hence if you are not experienced or know what you are doing, people can easily take advantage of you.

27 September 2024 | 3 replies
I run my own small pressure washing/handyman business on the side while I was working full time over the summer doing plumbing and electrical.

25 September 2024 | 12 replies
@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.

27 September 2024 | 16 replies
I have partial ownership of an apartment complex with several people.

27 September 2024 | 2 replies
People assumed California would be the worst-performing state because the baseline level of affordability was so low.

26 September 2024 | 7 replies
Could be attempting to stack credit cards for a business, maybe they just want to have them for an emergency, maybe they know that applying for one is the same as applying for multiple if it’s within a certain time frame so they went ahead and applied to not ding their credit as much, etc etc The other thing about the job is something to look into though.

26 September 2024 | 2 replies
Chicago title & old republic title are some that I have used in the past.My mentor @Joe Mueller started a title business called Investors Titles Services.

25 September 2024 | 8 replies
@Yi Chu,Another important factor you need to understand is that when an IRA is invested in leveraged real estate (most MF deals are), the portion of the income derived from the leveraged portion of the property will be subject to Unrelated Business Income Tax (or UBIT), which can be offset by using depreciation and other deductions.

25 September 2024 | 14 replies
If you invite the government into your business, you get the good and the bad.2) In my experience,(and I may get some hate mail for this) the average section 8 resident is harder on the property.

25 September 2024 | 5 replies
What I think is that the mileage and meals would become business costs to write off tax.\2.