7 June 2021 | 7 replies
My net worth is about 10 million, which is obviously a great financial position to be in at my age (mid 30s), but it is also a bit nerve racking trying to figure out the right way to do this.I have a relatively small investment in the financial markets (<10% of my net worth), and now looking to deploy around 5 million total that will kick off an income source while preserving the capital.
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18 May 2021 | 10 replies
A person can literally own a million dollar home free and clear and you cannot touch it-Texas does not allow garnishment of wages for a judgement so that avenue of collection is out-You can get a judgement and hope or even use a collection agency who will take 50% or so if they are successfulOR you can take the money now and move on and get a new tenant.
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18 May 2021 | 6 replies
That being said, millions of people around the US are doing what you want to do and having success, even people in this Utah market and you can too!
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18 May 2021 | 8 replies
It doesn’t make sense for a $1 million property with to be only $50,000 in the building value
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18 May 2021 | 4 replies
But it illustrates the point that even at very compressed rates, as long as the property "pays for itself," it can still be very attractive to many investors.Here's the fun thing though: this graph is an industry generalization based on limited data and survey responses.
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18 May 2021 | 0 replies
An additional $400 million in rental assistance will be provided by larger municipalities."
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18 May 2021 | 4 replies
Was attracted to the neighborhood and overall condition of this property.
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19 May 2021 | 11 replies
It’s like when people complain about the builder building a new $2 million house.
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18 May 2021 | 0 replies
I've got an opportunity to partner with private money lenders and I want to structure the profit split, in my plan, so that it is attractive to the lender.I'm having brain lock and can't come up with a scenario that will work.
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18 May 2021 | 1 reply
I would love to connect with others investing in these areas, or those with more secluded STR far outside a metro focused on a home-base for State Parks, and other outdoor attractions and/or general quiet getaway.