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5 December 2019 | 9 replies
. $60,000 invested over 10 years @ 7% return = $120,000During the same time tenants will pay off $41,000 of the mortgage principle + in 10 years the house will appreciate ~$95,000 @ 3% per year appreciation rate.
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26 July 2021 | 15 replies
It was a total scam with no end in sight!
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17 December 2019 | 10 replies
It's great that you're setting your sights high.
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26 December 2019 | 14 replies
Just great principles to live by for building wealth.
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1 January 2020 | 10 replies
Those options are better for seasoned investors who can be loose with the numbers.In any other context besides real estate, why would someone buy something sight unseen, never having visited the area, with no known contact for oversight of the investment, and expect it to do well?
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13 December 2019 | 14 replies
If it allows you to withdraw without jeopardizing your deposit within a set time and you still can, then do so.If your walkthrough found something off but you still want to buy, see if the inspection offers some opportunity for negotiation and use that.If the appraisal comes back less than asking, a lower price may be required to get financing.And until you have the experience, don't offer on properties sight unseen unless you really want to face the challenge.
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18 July 2020 | 37 replies
Then I use principles like the One thing's focusing question, and Pareto principle to get into my more immediate actions needed.What process do you have in place to follow up and check progress of said goals?
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16 December 2019 | 16 replies
I started out just trying to get more information on what it takes to get into RE investing, but found myself looking at properties and running numbers and suddenly i have a fourplex in my sights that im going to check out in person this monday!
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19 October 2019 | 54 replies
I would have thought you'd want to reduce your principle to reduce interest payments to the bank ?
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11 December 2019 | 13 replies
Specifically I (with my husband and business partner and two little girls) am on the path to early retirement through my business and interested in the buy and hold strategyIt kind of feels like a needle in a hay stack to me right now - as I am not familiar with areas etcI would love to know about challenges others may have had trying to do this, tips We are happy to come over and do some boots on the ground searching, living in areas etc as opposed to buying sight unseen, but obviously flipping etc is not on the cards for us.