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24 April 2024 | 2 replies
I have been doing my fair share of readings but i have a lot of questions that pop up and wonder who i can reach out to More info on my financial status if anyone is willing to give recommendations:10k in roth ira3k in high yield savings (paused to pay off debt)6500 in student debt200 ish in credit card debtestimated 4.5 months to pay off. 2 current part times (only been at each a year)expect to go full time on 65k salary working at brick and mortar bank and use college transcript as 1 year and pay stubs as other forms of evidence of a jobfather will be able to aid 20k as gift and if need be added as a cosigner for better approval rates.my goal is to save 50k, debt free and look for houses, however, could this be done sooner with other thank you for any and all advice !
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24 April 2024 | 8 replies
The remainder of your inheritance should be directed toward conservative assets or paying down high interest debt.
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24 April 2024 | 5 replies
The cost of entry is low, and cash flow is high.
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24 April 2024 | 8 replies
If I could chime in to help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
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24 April 2024 | 10 replies
I highly recommend starting by tuning in to the BiggerPockets podcast for starters.
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24 April 2024 | 13 replies
@David McFarland I second the comment that if they can’t pay the rent now it’s highly doubtful they will be able to pay it in the future.
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25 April 2024 | 16 replies
My thought is that it's better to own fewer high quality properties than lots of cheaper ones.
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24 April 2024 | 2 replies
I would also highly recommend you starting the loan process now.
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24 April 2024 | 7 replies
I’m assuming that I’d have to personally guarantee the mortgage as the LLC is fairly new (18 months) and the cash flow from the property is not especially compelling given the current high interest rates.
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25 April 2024 | 209 replies
Commissions are too high and Realtor's do not do what they once did.