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22 February 2024 | 0 replies
What made you interested in investing in this type of deal?
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21 February 2024 | 10 replies
Our goal was to have a vacation home to use a few times per year and weren't looking for profit, so it has absolutely served its purpose for us.
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22 February 2024 | 12 replies
What type of inspection did you do?
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21 February 2024 | 6 replies
It didn't end up serving me, and I started having to ask hard questions - who am I when all of the BUSY-NESS falls away?
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22 February 2024 | 2 replies
What made you interested in investing in this type of deal?
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21 February 2024 | 7 replies
And just to be clear, there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).
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23 February 2024 | 25 replies
If I were in your shoes, I would do the following:- set 6 months worth of income aside in a HYSA to save it for a rainy day (this will help shield you if you lose your job, or if something goes horribly awry with your investment properties)- open a Bank on Yourself life insurance policy (this is a specific type of high dividend paying whole life insurance where you can borrow against the cash value in your policy at any time and the money will continue growing as if you never took out a loan.
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21 February 2024 | 2 replies
I typically have some type of disclosure in the agreement written up with tenants on this type of situation..
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21 February 2024 | 3 replies
@Mohamed ElkashlanWhat type of agreements?