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Results (10,000+)
Victor Nguyen How can I find lenders to give me a mortgage if my only income is 1099?
18 May 2024 | 12 replies
Lenders will use the market rents or lease rents to qualify you instead of your personal debt to income ratio.
Ike Hobbs My First BRRR
18 May 2024 | 1 reply
Personal loan for the rehab.
Trenton Custard Cash for 1 home or buy 4 homes with 20% down on each for 139000
19 May 2024 | 3 replies
Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.
Faisal Zaman Can tenant reverse their rent?
17 May 2024 | 21 replies
People with good credit don't cheat their way through life.
Ashley Wilson Investing in Real Estate: Why You Should Get Started Now
18 May 2024 | 1 reply
While I subscribe to the concept of investing early in life... if you are running the numbers and they are upside down, that should be telling you something!  
Nicholas Stevenson What would you do?
19 May 2024 | 9 replies
Personally, if I was living in a hotel I'd want to move more quickly too. 
Anthony Beeler Too late to start an LLC?
16 May 2024 | 7 replies
If someone injures themselves and sues, they will be suing the LLC and not you personally.
Calvin Stewart Getting started in real estate
16 May 2024 | 3 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
Juan Lizarazo Book keeping software advice!
18 May 2024 | 11 replies
This is probably not the way you're "supposed" to used QB but I didn't want to get two softwares - one for business and one for personal.  
Susan McBride Creative Purchase / Sale Agreement
20 May 2024 | 10 replies
Any suggestions for a good real estate lawyer in Alabama would be appreciated.This person has a very large legal judgement against him.