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18 August 2018 | 3 replies
Combined, I think these three books combined are a great Starter Kit to rental property investing.
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5 November 2019 | 18 replies
I am saddled with student loan debt but want to build wealth and gain financial freedom.
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14 September 2018 | 4 replies
All you do is collect a check whether it's to pay off your debt and keep in your bank account..Some office buildings if it is occupied by one big tenant may have Absolute NNN where the tenant is responsible for tax insurance and maintenance as well as structure and roof membrane of building..I am not too familiar of Office Buildings in terms of force appreciation but Multi family apartments offer that strategy..Hope this helps Good luck
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22 August 2018 | 5 replies
Hands down. 1) less fees 2)you don’t want to start the amortization clock over again with your property in which most of your payments are all going into interests when refinancing.3)once you pay down your debt with HELOC, your credit line is available again for more draws.
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17 August 2018 | 1 reply
Basically how do you help a motivated seller out of a bad situation where they free of the debt?
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22 August 2018 | 6 replies
After this person pays their debt service, taxes, insurance, sets money aside for CAPEX, vacancy, maintenance...will they make money?
7 September 2018 | 6 replies
I need to always trust but verify in everything I work with others on.BEFORE PHOTOS:SNIPPETS FROM MY CONTRACTOR QUOTES:POST-REHAB PHOTOS:ANALYSIS NUMBERS (ANNUAL):Down Payment: $23,700Closing Costs: $1,455.80Rehab Budget: $8,500TOTAL CASH INVESTED: $33,655Gross Income: $15,600Insurance: $811.32Property Taxes: $1254.50Vacancy @ 7.5%: $1,170CapEx/Repairs @ 5% total: $780Management Fee @ 10%: $1,560NET OPERATING INCOME: $10,024.18PURCHASE CAP RATE: 8.45%Debt Service: $6,638.76NET CASH FLOW: $3,385.42CASH ON CASH RETURN: 10.06%NET CASH FLOW (w/out mgmt fee): $4,945.42CASH ON CASH RETURN (w/out mgmt fee): 14.69%
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14 September 2018 | 7 replies
After some assumptions (vacancy, expenses, capital reserves and debt service if you are not paying all cash) shows about 14k cashflow per month but only if you could get it at that 200Kish price.
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4 February 2019 | 9 replies
While considering what you're doing, consider that many lenders require the LLC that they do a loan in to have no other debt.
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18 August 2018 | 2 replies
Do I need a combination of loans to do buy out my ex and do the renovation?