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10 December 2024 | 6 replies
Welcome to BP & investing in the Phoenix area!
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!)
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26 November 2024 | 8 replies
Young investor looking to scale quick and own a lot of properties in the Columbus, OH.
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24 November 2024 | 0 replies
We got bank financing for the land purchase and contributed (almost) enough cash to complete the improvements.
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10 December 2024 | 9 replies
I'd also like to echo @John Underwood comments....if this your first rental investment it could be best to learn the ropes with LTR.
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20 November 2024 | 0 replies
I was hoping to get some shared insights into what the best starter tech stack looks like for a wholesaling operation.
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10 December 2024 | 0 replies
My position as GP is justified with work experience being that I invest and develop for years, and for putting the deal together and bringing the unique opportunity.
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15 November 2024 | 5 replies
Just looking for the automated transaction piece so that I don't have to go back to Excel.