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23 August 2019 | 0 replies
That being said, I fortunately have the means to close on two properties and I'm wondering whether it makes more sense to maximize my income and real estate purchasing qualifications (e.g. consistent employment, income, etc.) now versus trying to acquire my second property whilst in a new career with less income.
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9 September 2019 | 24 replies
I explained that my goal was to acquire 1 property a year (through loans) for the next 5 years while I still had a W-2 to help prepare for retirement.After he put together our fin plan, he advised me that I should hold off on these properties and instead concentrate on putting more money into my 401K (currently only putting 5%, no employer match) and to pay down the existing loans for two of my other properties.
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6 April 2019 | 8 replies
I also have a 457 b that I can withdraw as soon as I separate from my employer.
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2 January 2020 | 9 replies
They’ll jump right in with you as a partner if you’re a 1st time homebuyer crying the blues over detached home prices. ..because of course everyone employed 36.5hr/week or more should be able to afford a detached 3 bed 2.5 bath (usually new build) house no more than 15 minutes from downtown in all major cities...
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20 October 2018 | 5 replies
Unemployment: ideally, % is decreasing over last 5 yearsPopulation: 5-year population growth is increasingPopulation age: 5-year population age range of your target demographic is increasing Industry: ideally, no one industry is employing more than 25% to 30% of the employed populationTop employers: look up the top companies, determine what industry they are in, and calculate if that is a growing or declining industrySupply and DemandIs the supply of your product (SFRs or multifamily) increasing?
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21 April 2015 | 16 replies
The Metroplex proper has mostly tech and other professional type employers plus a bit of heavy industry and defense contractors.
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15 April 2015 | 0 replies
Not because of discrimination but by the luck of the draw because I run credit reports and verify employment.
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27 October 2015 | 4 replies
As long as you meet the credit requirements, have the 3 percent down paymentand have steady employment, you will likely be approved.
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17 April 2015 | 5 replies
Judgment needs to be employed, having to go to court to patrician a property or force sale is costly and takes time, but with the proper agreements you'll be in the driver's seat.