Shanna Vataj
Biden Administration’s Capital Gains
31 May 2021 | 5 replies
The only two things I would recommend today are:- If you're already planning a 1031 for a reason unrelated to the Biden plan, then do not delay- If you're already contemplating a Roth conversion for reasons unrelated to the Biden plan, then do it today
Peter Morgan
Is this an FSBO opportunity?
2 June 2021 | 2 replies
Just when I was contemplating to go FSBO to save on commissions before I even started preparing for advertising, a realtor from exp realty messaged me that his prospective clients are looking for a similar property in my area.
Chris Aronson
21 years old, 1st property. looking to house hack..
22 July 2022 | 10 replies
Based on what you're discussing for rents, I believe you to be contemplating a property in an area where the vacancy rate is going to be closer to the 1 - 2.5% mark.
Jeremy A.
Proposed new bill in Maine to not allow evictions until 90 days..
15 June 2021 | 4 replies
PLEASE DON’T WAIT.LD 1255, introduced by Portland Representative Grayson Lookner, mandates that once the Governor’s Pandemic Emergency Declaration expires, most for-cause evictions are banned for ninety days.It specifically and by name or number bans evictions for:Rental defaultExpiration of leaseTenant causing substantial damage to property – 14 MRS § 6002(1)(A)Tenant causing a nuisance-at-law or causing the property to become unfit for habitation – 14 MRS § 6002(1)(B)Tenant is a perpetrator of domestic violence, sexual assault or stalking against another tenant – 14 MRS § 6002(1)(D)Tenant or guest threatens or commits violence, threatens violence or sexual assault against a tenant, guest, landlord or landlord’s agent – 14 MRS § 6002(1)(E)Person is an unauthorized squatter – 14 MRS § 6002(1)(F)We suggest you tell your legislators:“Right now, during the emergency, my tenants are protected, under law, from bad tenants.
William Przybyla
Finance Good idea or Bad Idea
3 June 2021 | 1 reply
I am contemplating doing a cash out Refi of the duplex that I own outright to put what I need down on that property, but then I started to think a bit more about this and thought would it be best to Cash out refi and pay off the loan of the 4 unit so I am not paying PMI any longer, then cash out refi that property, pay off the other duplex, then cash out refi that property and buy the 5 unit commercial building.
Garrett Cannon
Investing savings into an ETF
6 July 2021 | 0 replies
I’ve been contemplating throwing in 500 a month out of it into etf’s while leaving a couple thousand for cushion just in case.
Michael McCloud
Cash Out Retirement 401K Early
16 February 2022 | 14 replies
Getting right down to it, I am contemplating cashing out my 401k and taking the early cash out penalty, to fund my first step into the BRRRR strategy.
Tyler Cordell
Turning current home into rental property but will have neg cf
14 July 2021 | 3 replies
Currently have a single family home that I contemplated turning into a rental.Current loan is 2.625%, 74k owed, with a $521 mortgage payment.
Michael Speck
Down payment for investment property
14 July 2021 | 2 replies
At this point I’m contemplating walking and finding a new lender.
Bryce Hacker
New Investor Looking For Creative Strategies to Finance a Duplex
10 August 2021 | 7 replies
All of these stories that they had built put them in a position to believe that this project was going to be successful so it's that dream home and here are all the reasons why it makes sense when you're making a business decision you can look at those things and that's nice and it's what you should do and you can even extrapolate you can come to me and say listen here's all the spreadsheets this is why this deal makes sense.And that's a good way to look at it, a business venture but what you must do is contemplate your worst-case scenario if the market corrects back if that asset falls from where it's worth six hundred thousand down to three hundred thousand and believe me no one will believe that can happen but I've seen it so it'll go from six to three.