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20 February 2024 | 23 replies
Here are some tips for networking and making the most of your account. 1) I'd fill out your profile fully before you do anything else!
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21 February 2024 | 7 replies
On a good month of sales I can save 20k+ but on a bad month maybe only like 5kI have 101k saved in the account but I’m hesitant to plunge it all into my first deal, so that’s how I came up with 50k was using half, so that I have some easily accessible cash in reserves for living expenses, emergencies, etc.
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19 February 2024 | 5 replies
I know their might be some predatory practices out there and I don’t want be involved in any of that but I think there might be some options where we could make a fair deal with some one going throgh a tough time like this.
20 February 2024 | 6 replies
When a solo 401k is involved, you also do not need to use a SD custodian either (ie - checkbook control) which otherwise would be more costly.
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21 February 2024 | 14 replies
Wise investors are putting systems in place (including property managers and other service providers) so that these risks are mitigated without investor being involved.
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21 February 2024 | 10 replies
One major consideration to take into account would be do the zoning, laws, HOA etc... allow for rentals in that neighborhood.
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21 February 2024 | 8 replies
It seems to be these wealthy people in the room are either teachers who teach you how to run/operate specific types of business or are involved with overseeing you operate and formulate the deals you put together since they would be providing the capital for you.
21 February 2024 | 23 replies
Then you aren’t denying their service animal you are simply raising the rent a few hundred dollars/mo after a few months to account for “market conditions”.
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21 February 2024 | 27 replies
Buying a property without equity…. means that if you had to sell.. you will taking a loss equal to AT LEAST…all costs associated with selling.Selling a $400,000 property that was bought in the last two years means that AT BEST… the equity is equal to 75% of the down payment. ( this is a rough statement and anyone who wants to crunch the hard numbers is very welcome to post them)$400,000 buy… $$60,000 -$80,000 down… $24,000 to the buyers agent… and another $5000 for other closing costs.Starting balance ..is $370,000.New selling /asking price… =$450,000 depending on the region… good luckBuyer counters at $400,000 and the seller accepts…Minus the realtor fees $24,000 and some concessions…$10,000 ..Net is $366.000 Ok this is a very rough discussion.either provide tighter numbers or accept the drillThis seller got out lucky.And didn’t account for the interest paid out or the new carpet , paint dishwasher and sod.Buy a business with equity….
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22 February 2024 | 21 replies
I got called by a guy today who has a gmail account and said he's a lender.