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7 September 2017 | 0 replies
Needing to flip as quickly as possible.
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5 January 2018 | 11 replies
Turnkey investments are not made to be short-term, so exiting only a few years in isn't ideal and will likely result in them losing money unless the market has shot up a ton very quickly (where is this prop, btw?).
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8 September 2017 | 5 replies
I'm Andrew Geib, currently I'm working as a lean six sigma engineer based in the Aurora/Naperville area. 1) Favorite real estate book: just picked up Rich Dad Poor Dad for the first time2) Favorite non-real estate book: Freakonomics3) Advice for new investors: seeing as I am a new to real estate, get started now rather than later. 4) Hobbies: cars, I autocross my daily driver whenever I can, I'm resorting a classic mustang, and I frequently go to car shows all across Chicagoland.
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11 September 2017 | 33 replies
I may have to go back at 3 AM, but it goes quick.
16 June 2018 | 14 replies
Using VA loans for investment properties can get sticky quickly and once you have mutliple properties it will likely confuse most people...lenders included.1.
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9 September 2017 | 4 replies
I just have the type of mentality to just do things quick and get results.
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9 September 2017 | 7 replies
Alternatively, you could sell the property for some quick cash and then use that as down payment on another property.Good luck
1 October 2017 | 8 replies
My first instinct is to go for the 15-year mortgage because I can build equity more quickly and I would avoid being highly-leveraged on my personal residence.
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9 September 2017 | 8 replies
Let's pretend it's a generous 1 yr CD with no early withdrawal penalty.7 year CD: 2% and penalized six months of interest if you pull funds out early.If you pull funds out after exactly 12 months, it's a wash:1 yr CD @ 1 yr: $10k * 1% = $100.7 yr CD @ 1 yr with penalty: $10k * 2% - [$10k * 2% / 2] = $100.After 18 months...1 yr CD @ 1.5 years: $10k * 1% * 1.5 years = $150.7 yr CD @ 1.5 years and penalized six months of interest: $10k * 2% * 1.5 years - [$10k * 2% * 0.5 years] = $200.So there's your low risk / low reward "CD hacking" tip of the day to get rich by earning an extra $50 on $10k after a year and a half.