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16 August 2024 | 21 replies
I'm trying to buy my first investment property with ~$100k saved up.My brother started his first W2 job last month that pays $45k/yr+ commissions.I plan to get a minimum wage job/an entry W2 job since I'm still in college and to hopefully qualify for a bigger loan.A lender estimated we'd be eligible for a $300k loan with $100k down, and a $2,500/mo payment on a $400k property with only my brother's income as of now.California is too expensive for us so I have been looking into out-of-state investment properties.What would be the best investing route for us to take to grow our wealth?
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17 August 2024 | 13 replies
@Marquez DavisAre you looking to flip the land, built it, or what's the plan here?
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13 August 2024 | 2 replies
Looking for some advice on our plan to get started with our real estate biz.
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22 August 2024 | 53 replies
And they’re still a garbage investment as 10 years from now they’ll be worth a few grand less than what you’re paying today.
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19 August 2024 | 5 replies
@John N CookI don't have much experience with ROBS... but the C-Corp requirement will mean that your C Corp has to file and pay its own taxes - unlike a Single Owner LLC, which can file within your personal tax return.
20 August 2024 | 16 replies
Let's plan a phone call to review the following:• Does the 6 month seasoning start from purchase date or COE?
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19 August 2024 | 3 replies
If you secure the automotive window tinting job with a consistent salary of $60k-$70k, that should satisfy most lenders as long as you can show steady pay stubs.
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18 August 2024 | 3 replies
That $108k is both what you need to pay your own salary with AND the mortgage payment if there is one.
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19 August 2024 | 0 replies
This requires an income that rises faster than inflation, or you will not have the additional dollars you will need to pay future inflated prices.What causes rents (and prices) to increase?
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19 August 2024 | 13 replies
Buyers now need legal representation before they can see a property with an agent and commission will no longer be advertised (In the Greater Cincinnati market it will still be standard for sellers to pay buyer broker commission)I wanted to ask everyone who sees this, how are you changing anyway you are doing business (if you are)?