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13 November 2024 | 18 replies
Any lender that does not know this does not work with enough investors and you should look for a broker that understands investors and can advise you property.
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21 November 2024 | 4 replies
Assuming you no longer work at the company sponsoring your 401(k) you could look to move it into a self-directed account.
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30 November 2024 | 1 reply
There's not a ton of information about this topic so i'm just curious on how investors are running their comps on their small multifamily investments.
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17 November 2024 | 33 replies
have you looked into house hacking?
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18 November 2024 | 3 replies
You can convert it into a self-directed IRA and buy investment property with it.
12 November 2024 | 2 replies
This tenant an elderly lady who's on section 8.
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23 November 2024 | 2 replies
Friends who are heading up this project got me interested.
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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1 December 2024 | 0 replies
I like to garden in my free time, this summer i noticed how much we saved with the garden and I've been watching more videos on personal finance.
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18 November 2024 | 11 replies
They were all very helpful.