7 February 2023 | 12 replies
And the important thing is you learned a ton through experience and got the fundamentals down great.
7 February 2023 | 9 replies
And if you make under the 80% limit in your county then you would be eligible for the loan, but then of course your debt to income ratio (along with rent for the property) still has to be high enough to qualify for the loan itself just like any other program.
21 January 2023 | 20 replies
In this case, your $600k in cash is worth $600k in property value...and you're risking $600k in cash.2 - That same $600k in cash leveraged at 20% (DP) would equal $3M in property value...with the same $600k at risk...and, with 5 properties, or at least 5 times the properties, in cash flow to repay the same $600k in cash spent in option #1.Telling me more debt is less risky is fundamentally off.Physical property isn't like equities.
14 February 2022 | 9 replies
Don't forget that not only do you need to be sure to protect its corporate veil, but you also need to use commercial financing since legal entities such as a LLC is not eligible for conforming residential loans (e.g.
6 February 2023 | 5 replies
We have the flexibility to stay at another property for a full year if we needed to do that, if it means renting out our primary home for a full year as a vacation rental or LTR, if it could mean more eligible tax deductions.
10 March 2020 | 5 replies
Fundamentally diffrent strategies for different fundamentally different investment / business models.
13 November 2019 | 13 replies
This stuff is pretty easy fundamentally.
2 August 2013 | 5 replies
We don't have boot camps or crazy people jumping out of cakes, we have solid advice based on the CI fundamentals and we follow this for our members.
4 January 2020 | 6 replies
This application may not be considered eligible for evaluation if it contains blank spaces or incomplete information.ONLY CLEAN & RESPONSIBLE PEOPLE WHO PAY RENT ON TIME MAY APPLYDo you forbid them from qualifying (that may be construed as discrimination), but do make it clear what your criteria are.
13 January 2023 | 18 replies
Chad,To be eligible for a Solo 401K plan you must be self-employed or have a legitimate business that generates ‘earned’ income and has no full-time employees other than the owner and his spouse.