3 March 2019 | 159 replies
And either type of account would go a long way to giving you control.Cashing out takes more thought when IRS will take a 10% penalty plus 25-35% in taxes leaving you with a lot less than you have now.We're I in your shoes, I would move but I would not cash out.
11 March 2016 | 3 replies
If I were in your shoes, I would check the title of the property and be sure it is free of liens or encumbrances, then I would take title through deed, then and only then, I would collect the instructions on making payments to the lender directly.I did one of these where I was able to negotiate the 2nd loan down to about 25% of the balance and paid them off and only had to refinance the first (when I wanted to) and still have this duplex years later.
5 September 2024 | 20 replies
Out of state investing can be very beneficial for someone in your shoes.
6 October 2017 | 5 replies
I know everyone in my shoes is likely asking this question to themselves, but I wanted to see if there is anyone out there willing to work with me to help identify ways I can make some progress.
5 October 2024 | 9 replies
However, it’s important to maintain enough liquidity for unexpected repairs, vacancies, or other expenses across your existing portfolio.If I were in your shoes, I would likely lean towards reinvesting in a way that balances both cash flow and appreciation.
25 January 2021 | 12 replies
Lindsey, I'm in the same shoes like you trying to develop a small tract in the Charlotte, NC Metro area.
10 November 2017 | 6 replies
Typically, the worst case is you have carpet and have to replace it all because the tenants never took off their shoes.
12 April 2016 | 7 replies
If I was in your shoes I'd probably 1031 it, especially if it would allow me to learn the process so I can be better prepared for future transactions.
28 November 2023 | 8 replies
Remember, every experienced investor was once in your shoes.
30 December 2018 | 19 replies
I wouldn't though because you wind up prob spending at minimum the same and tons of time.Me in your shoes....