
5 December 2024 | 1 reply
Here's what I can share about it....To become a private money lender...

4 December 2024 | 7 replies
It’s a manufactured home and there’s also a two car garage.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

5 December 2024 | 2 replies
Ask me in 2 months if that’s still the case-ha but currently loving every bit of it!
7 December 2024 | 4 replies
Account Closed See if HomeTap is a viable optionhttps://www.hometap.com/how-it-works?

28 November 2024 | 4 replies
Or did someone else manage it for you?

29 November 2024 | 3 replies
If it's not too much trouble I'd love to see what you have for Raleigh, NC.

27 November 2024 | 9 replies
This is a big jump for you, but it's possible.

27 November 2024 | 10 replies
So, what do YOU think?

5 December 2024 | 3 replies
Another option is using different creative financing strategies - it's all about how you'll structure your deals.