
26 January 2022 | 9 replies
Expecting to make the move in spring 2022 and pay off "negative" debt with a remainder for a down payment towards a new house.I've been studying hard with everything I can get my hands on when it comes to real estate investing and I'm eager to take action.
4 November 2021 | 6 replies
dont take on debt until you are gainfully employed or have a consistent source of income..

6 November 2021 | 28 replies
@Jason Breton @Dan Guenther @Ben Rhodin Even with a median list price of $545k in Denver, by leveraging the latest tax benefits, there is between $32k and $54k in Federal and state taxes that you can defer or eliminate in the first year you apply the tax benefits.

3 November 2021 | 1 reply
Even if you are in a slower or smaller market, time and the tenants paying the debt down, coupled with inflation will build wealth.

3 November 2021 | 10 replies
If the property is vacant for a specified number of days (30 - 60 days) the clause will eliminate or reduce certain coverage (water damage, vandalism, etc.).

2 November 2021 | 3 replies
Once to get out of mortgage insurance and again to get my current interest rate of 2.2% (closing costs, added some debts several years back, shortened the term of the loan).

7 November 2021 | 9 replies
@Felicia GossettHi Felicia,I was in a similar situation in 2019. 620 credit score and $40,000 in credit card debt and almost maxed limits.

3 November 2021 | 2 replies
Because the Savings and Loan firms weren’t public traded over 1/3 just closed and the US absorbed the bad debt.
3 November 2021 | 1 reply
Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include: What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).

4 November 2021 | 4 replies
Debt financing is applied after NOI is calculated.