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3 July 2024 | 15 replies
I do agree that you need to go in person to see what is going on.
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1 July 2024 | 4 replies
My best connections and referrals here in Florida have come from in-person networking events.
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1 July 2024 | 4 replies
However, I've been having difficulty renting one of the rooms because I've noticed some of the potential renters are either super particular, end up wanting to live on their own or with one other person (I have one room currently rented), flake, or come up with an excuses for not meeting with me.
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2 July 2024 | 9 replies
Here's why:Future Cash Flow: Once your debt is paid off in three years, you’ll have a solid cash-flowing asset that can provide ongoing income.Asset Growth: Property values, especially near a university, tend to appreciate over time.Debt Reduction: You can leverage the rental income to pay off your debt, essentially using your investment to achieve financial freedom.However, personal comfort and risk tolerance play significant roles.
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1 July 2024 | 7 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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1 July 2024 | 28 replies
So that is always dependent on personal emotion.
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1 July 2024 | 9 replies
A lot of investors navigate this by using rental income to qualify rather than personal income.
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1 July 2024 | 16 replies
The insurance salesmen in the personal finance forum preaching “infinity” banking2.
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2 July 2024 | 16 replies
No idea how experienced the person who gave me the number was.