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Results (10,000+)
Bryan Eccleston Seattle area newbie getting started!
28 July 2015 | 7 replies
Was stationed in SoCal, Okinawa, and deployed to the Philippines.An odd combo of a gym rat and a bit of a nerd.Compete in amateur strongman competitions.As far as my goals go this is copied from my profile.Task 1: Debt freeCurrently, I'm on the cusp of accomplishing my first task on this road and for me that is 100% debt free.Task 2: 6 month emergency fundMy primary occupation ebbs and flows so an emergency fund is going to be key for my financial safety and health.Task 3: Save up roughly 30kUtilizing the VA for the purchase of my first property means I won’t need a down payment but having money to invest and fix up that first property will go a long way to speeding up my success.Task 4: Buy and renovate my first multifamily property (BRRRR)My first property is up and running and providing positive cash flow.Task 5: Expand to 3 properties within 5 years still utilizing BRRRRGet those properties up and running smoothly and make them highly desirable.
Ryan Doyle I think I found a deal on a MHP...need input...
27 July 2015 | 17 replies
The other thing I caution clients is NOI is generally minus the debt obligation so just because you may get a 10 cap on paper, if you're debt takes a chunk of that the actual return could be less than stellarThe plus side is increasing the rents.  
Chris Harper Top 20 Objections to REI
20 March 2017 | 21 replies
After you get the tenant buyer to be checked out by the RMLO, and you have a letter that says that if they pay down debt or increase their income or improve their FICO score over two years or whatever, they should be able to get a 3% FHA mortgage, you then have the tenant buyer deposit$$$$ into the title company or attorney’s office.8. 3% assignment fee to you9. first and last months rent to seller10.
Jens Nordgaard The Plan
23 July 2015 | 2 replies
Accumulate lots of good debt
Brian Sorensen How does a lender in second position recoup in a fire sale?
24 July 2015 | 5 replies
Who ever is first debt position gets paid first from the proceeds of the sale.
Francisco Garcia Jr How to get my S Corp Lines of Credit?
14 December 2015 | 15 replies
I have been contacted by many people claiming to be able to get me business lines of credit or unsecured lines of credit for a fee and most of the time this fee is 10% of the line or $10k...Already in debt and not into a flip lol The other way I can secure a line of credit is to have a company get me different credit cards and liquidate them down to cash, which basically destroys credit and when APR being different on card, this could spell huge bills?
Willis Seng Planning on Purchasing First Rental: Financing question
24 July 2015 | 0 replies
I have a primary home with a mortgage already so I really doubt, I'd be able to get a normal conventional loan from a bank due to debt/income. 
Matthew Nelson Newbie from Maple Grove, MN
27 July 2015 | 4 replies
It sounds like we have much in common (no kids, debt, and work/life philosophy, etc.) 
Alberto Urena What should I do
28 July 2015 | 6 replies
In the process you will also accrue $1,680,000 of debt in the process, which is high for most people. 
Linda Weygant Rental Number 6 Under Contract
4 October 2015 | 31 replies
My DTI (debt to income) ratio would not support a higher purchase point.4.