Gabriel Martinez
Student Loans or Buy my next property?
17 December 2023 | 9 replies
I am unmarried, very frugal (only spend on investing, necessities/essentials, and travel), and I recently bought a house worth approx $320,000 at a 5% interest rate (with $5k in equity already) - I used an FHA loan as I plan to live there for a year, refinance into conventional, and then move on to my next investment.For my next investment, I am unsure of which is wisest considering the following: I currently owe $85k on student loans, my salary is $85k/year (not including EOY bonus), I have approximately $52k invested (stocks, index funds and CD's), no credit card debt, and no car debt.
Carlos Bello
Is Forcing Depreciation a thing?
27 August 2019 | 11 replies
You can take all of that depreciation over the shorter lives, or even take it all up front in the first year with 100% bonus depreciation.What you said:He also stated that whatever funds I received from the accelerated depreciation, I would have to pay only remaining years of the depreciation if I ever sold the property.
Nolan Mahoney
What is your criteria for a neigborhood to invest in?
9 November 2023 | 2 replies
Schools is a huge bonus, not a necessity.5.
Duarte Marques
Buying turnkey for first investment property?
19 December 2023 | 31 replies
Depending on the area, you may also see an immediate equity bonus at close which you can leverage in the near future.
Jeff Peters
Anna Tx >> Our first Real Estate Investment deal
7 May 2021 | 3 replies
Purchase price: $241,000 Cash invested: $72,000 This is a 1900sqft, 3bd/2bth with bonus room for office/kids play room.
Alejandro Mcgarvie
First rental property in Las Vegas
27 March 2021 | 4 replies
Here has been my experience:Having a down payment, closing costs, and reserves (in my case ~$40k) are bonus points for when applying to lenders!
Mark Davis
Hiring uninsured contractors
29 July 2011 | 27 replies
Long story short, he was licensed, and did have insurance, and admitted total fault, so the client got a nice big bonus check to help out his renovation!
Aaron Guscott
Credit Cards for Renovations
14 September 2022 | 20 replies
As someone who churned credit cards aggressively for signup bonuses and owns 50+ cards I'll give a few thoughts.Depending on your credit score and income, some big banks don't give very high credit limits on their cards.
Pixel Rogue
Building a tax advantaged retirement plan...best ways to invest extra funds...
2 November 2023 | 11 replies
The ITC numbers, basically, provide in year one 30% ITC and the accelerated bonus depreciation deduction provides a roughly 70% equipment write-off.
Sean York
Blair Halver - Wealthy Beach Bum Program
13 December 2023 | 2 replies
May be the program attached to his 5 hours to wealth book and "free bonuses".