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2 December 2024 | 6 replies
@Tanner Lewis, is right, if you want to consolidate all of that debt into one loan then place all the debt so it is secured by the property, sell the property and 1031 into another property with one loan.
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2 December 2024 | 5 replies
I always pay off my highest interest rate items first, especially if its debt.
2 December 2024 | 1 reply
Maybe get your debt paid down, get your first deal, get some savings built up, then reconsider the potential change.
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6 December 2024 | 17 replies
In college, work on the basics - get good grades, don’t get into debt, build your credit, etc.
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2 December 2024 | 4 replies
Quote from @Dee R White: I'm out of debt, don't really plan on using my card much except for emergencies but the recovering spendthrift and the riskier investor sides of me - are curious if I should call the company back and ask for them to raise it back as it might affect my credit score.
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3 December 2024 | 15 replies
Doing a conventional loan for each property is out of the question due to my debt-to-income ratio.
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1 December 2024 | 9 replies
@Michael Anderson If the property had been sold, it would make sense to formally assign the lease and deposit to the new owner and memorialize an agreement to collect and adjust rents after settlement, indemnify the other party for things arising during their respective ownership periods, etc.
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2 December 2024 | 2 replies
Just focusing on reducing debt , I tutor chemistry which has been helping with finances.
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3 December 2024 | 5 replies
Remember you are using debt to make this investment, not reserves sitting in your bank account so I recommend a more conservative investment approach.
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2 December 2024 | 5 replies
He seems to lump all debt together.