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23 September 2021 | 11 replies
For those who haven't read it, Part 1 is about building up your first $25,000+ in cash or equivalents through a frugal and economic lifestyle, or as David Greene would describe it, through good defense.Now that I've gotten to this point, it's time to move to Part 2, which is using what I've saved up to start building up income producing assets and scaling my income so that I can go from $25,000 to $100,000 in net worth.
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22 September 2021 | 2 replies
How much will this lower your monthly cost to and how much is the other unit gonna produce towards the mortgage.
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1 October 2021 | 11 replies
I am not big on regular office as there is no STICKINESS as a I call it with a tenant.
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27 September 2021 | 5 replies
And if that LO you are speaking with is not a top producer, but a barista-turned-loan-officer, due to the events of 2020 (I'm not saying that in a negative way, a LOT of baristas got into the mortgage business after March 2020, and guess who is most likely to mis-quote the >6 property hit?
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22 September 2021 | 7 replies
Do most use regular banks or other lenders.
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23 September 2021 | 5 replies
I do worry about 'regular' Oklahomans.
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29 September 2021 | 18 replies
If you had little to no debt (DTI: 5%-10%), currently renting, your initial REI goal was to fast track your way to be able to quit your 9-5 job with replacing it with positive cash flow, main goal was to acquire as many doors as you could, had 100k to start, and still had cash for reserves…Would you continue renting and or seek out a primary residence where you could house hack (keeping your DTI low, so that your able to still acquire rentals) or would you first acquire income producing rental properties and then use that income to eventually help you qualify for a primary residence?
24 September 2021 | 2 replies
I'm even open to something with a higher interest rate, as long as the numbers produce profit for me (rent from the property exceeds monthly payments) it's a win right now.Any Ideas?
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27 September 2021 | 5 replies
The tax typically does not add up to much and will be less than the amount of boost in return that leverage produces.
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21 November 2021 | 2 replies
I reached out to a family member to discover what their process was for closing (regular home, not investment ) and they mentioned that even though they use the title company they actually had used an attorney as well.