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8 November 2024 | 3 replies
hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?
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19 November 2024 | 3 replies
@Jake Hughes A 1031 exchange is a great way to indefinitely defer all of the capital gains taxes, and gain access to that tax to use over time for your own benefit.
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26 November 2024 | 12 replies
I would forget about growing the portfolio and generational wealth until your husband finds a job and you reduce your credit card debt.Credit card debt has interest rates above 20%, there is a strong case that your rentals are not generating a 20% return.
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27 November 2024 | 3 replies
Look for one that includes a training video to ensure you understand how to best use it.
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13 November 2024 | 1 reply
Jerrell,That would be a pretty simple process you could use a renovation loan or do a cash out refinance.
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18 November 2024 | 1 reply
Newbie here - learned a very valuable lesson on my first property (actually a few, but that's another story).
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11 November 2024 | 2 replies
Chalk it up to a lesson learned and fire them and get someone else to complete the job.
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11 November 2024 | 29 replies
I have a flip in Chattanooga that we just put on the market.
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11 November 2024 | 14 replies
With exception of the accountant, these individuals did not go to college with these careers in mind.She can use my properties to suppliment her income without a lot of work and, in my opinion, have a lot of fun doing it.
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10 November 2024 | 5 replies
I am having a hard time verifying military employment and pay.