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16 January 2025 | 0 replies
The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.
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16 January 2025 | 10 replies
Quote from @Sara Valentine: I have rented my personal home as a fully furnished/lots of amenities 3 month rental jan, feb, and march the past 3 years.
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13 January 2025 | 1 reply
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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22 January 2025 | 4 replies
Personally I’ve got the majority of my assets in real estate.
13 January 2025 | 41 replies
Also, get all personal info (DOB, SSN) from the seller in case needed when talking to lenders, lienholders, etc.
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17 January 2025 | 19 replies
I signed up with them about 3 to 4 months ago, then found out how expensive the loan was to get going with them and told them that I would self finance it instead but they had to cancel the loan first...they use a company called Special Financing Company..the person I spoke to at REI his name is Paul, he said he would take care of canceling the loan, but a month later I realized that they were pulling $599 out of my bank account.
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18 January 2025 | 18 replies
During the slow season, do you personally focus on getting more rentals, focus more on family/personal life, or do you do something else?
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15 January 2025 | 4 replies
Hey all,Does anyone have any personal experience with First Savings Bank and their 1st lien HELOC?
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21 January 2025 | 4 replies
Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.
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14 January 2025 | 18 replies
Quote from @Basit Siddiqi: I personally would not buy real estate with a retirement account.There are just too many headaches that are not worth the potential increased return.Some headaches when it comes to investing in real estate with a retirement account1) LTV values are less and harder to find lenders.2) Potential to sell or partially distibute the property if you have to do a RMD(Required Minimum Distribution)3) If you run out of cash and have to make a major repair, you may be out of luck and have to sell.4) Having to potentially worry about UBTI(Unrelated Business Taxable Income)I would personally invest in stocks/bonds/notes with a retirement account.I buy deals with cash and use a ROTH SDIRA so there are no RMD's.I buy at huge discounts to retail.