Alex Aguilar
Best cities for cash flow
27 March 2017 | 104 replies
This is the one reason why I utilize this because it's absolutely predictable that it will follow a Financial Mathematical Schedule of Principal and Interest Payments, as well as Balance reduction.Because the Amortized Mortgage is absolutely predictable, and I for one follow the RULE "If you can Predict it, you can Profit from it", I actually look to Maximize this within reason.So while I put down 20% for an Investment Property to maintain a level of skin in the game and reduction of risk by having an attractive interest rate, I generally take about mortgages around $1 Million or above.That is because the Mortgage, being paid by my renters, will follow a very predictable path, one which will make me a millions as each one gets reduced or paid off.In fact, if you receive ZERO cashflow but your Million dollar Mortgage disappears in 30 years, you have effectively made an average of $33,333 PER YEAR for 30 YEARS.And, if you consider that the Mortgage Interest is deductible, especially for a Rental Real Estate Business, you have earned even more than the Million dollar mortgage.For some reason, this kind of thinking is not taught ANYWHERE that I have seen.
Mike Schorah
How do tenants destroy heaters in properties up north?
17 December 2022 | 4 replies
Anything that restricts airflow will reduce the volume of air needed to keep the heat exchanger from running too hot.
Hector Mejia
Out of state home purchase
17 December 2022 | 5 replies
Simply enter some information to view projected key return on investment (ROI) metrics, including cash flow, cash-on-cash return, net operating income, and cap rate.Minimize risk by investing in a pre-inspected, turnkey rental property with a tenant in place to earn cash flow beginning the day the deal closesBegin the loan application process early, because sometimes lenders require more paperwork than when you’re financing in your home stateHire a good local property manager who has experience working with out of state investors.While buying out of state rental property does come with some risk, investing the right way helps to minimize those risk while maximizing the overall returns of your property portfolio:Key reasons for investing out of state include increasing cash flow and portfolio diversification.Affordability, matching markets with investment strategy, and property affordability are three advantages to buying real estate out of state.Turnkey rental property and a local property manager help to reduce the risk of investing outside of your home state.I am a real estate agent and investor in TX.Katy, Cypress, Spring, some parts of Houston, Conroe, Tomball, Pearland are great markets.Rent growth and appreciation is steady.These cities tend to command quality tenants, and they have great schools.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!
Carlos Silva
rental prices vs home prices
19 December 2022 | 12 replies
Many landlords sold their properties over the last couple years, reducing supply.
Eric Geers
Roth IRA Consolidation?
16 December 2022 | 7 replies
A final note on REITs, they qualify for Qualified Business Income deductions when held in a taxable account, which makes them a little more tax-efficient to be held outside of IRAs.
Joseph Conrey
My Rich Dad Poor Dad book notes. Enjoy!!
20 April 2016 | 14 replies
Keep expenses low, reduce liabilities, and diligently build a base of solid assets.
Chris Breezy
First time tax loss harvesting. Please help
22 December 2022 | 6 replies
I have about 3k in taxable income from stocks and I’m trying to understand how much of my losses I should sell off.I know the irs limits your losses to 3k per tax year.
Andrew Abbott
Pay off Student Loans or Start Investing
13 December 2015 | 17 replies
Sure, it will reduce your total debt, but it won't do you any more good than that.
Robert Polanco
New member from Corpus Christi, Texas!
24 December 2015 | 11 replies
@Robert PolancoI do business in Austin, San Antonio and Corpus Christi and I would highly recommend you spend as much time as possible with seasoned investors so you can build the relationships necessary to greatly reduce your learning curve.
Ryan Hurd
Don't buy a house, just buy a four-plex
9 October 2020 | 148 replies
The program also doesn't require PMI, which further reduces my borrowing costs.