Jennifer Rysdam
People keep backing out! What is your process?
I keep getting these people who want and qualify for an apartment but can't move in until 2 weeks from now or whatever. I collect the nonrefundable retainer of $250 (half of deposit), and then at the last minute they ...
Mohamed Farih
First Time Home buyer Conventional loan vs FHA
Hello everyone!I am God willing a future first time home buyer in the process of trying to land my first home. I was planning on getting an FHA loan for my mortgage. My realtor's lender told me I am eligible for the...
Charles Kagahastian
Refinancing For A Down Payment
hello all, this is my first post and i'll try to make it matter. as any first-time poster this is going to be a question. the very popular method of using equity in one property as a down payment on another property. ...
John White
Any Thoughts On 30 versus 15 Year Amortization?
Good Morning All...I signed contract to purchase my first rental property. It's a townhouse (i.e. two floors on each side) style duplex, and is the only multi family property in this neighborhood (the entre town is ...
Account Closed
Long-Term or Short-Term Rentals, How Do You Choose?
Hi Everyone! I've made up my mind, I'm going to invest in my first property! However, I'm unsure if it's smarter to choose a property meant for long-term renting or short-term renting. To clarify, by a "long-term" ren...
Dominique Mitchell
Seller Finance ( taking over the deed)
I currently have most of my capital tied up in my first deal and I am wanting to get moving on my second deal. I have found a few deals that are willing to do seller finance, my question is. If I do a seller finance d...
Account Closed
18 YEARS OLD, and I need help Navigating through my first deal.
Hey guys! First off, thanks for clicking on this discussion. All feedback is greatly appreciated! This PAID OFF property was given to me by my grandmother once she got her new house. MY ASSETSMy father is a Guru when...
James Park
The U.S. Dollar, 5 year ARM vs 30 year conventional & the snow ball effect.
I've been reading @Mark Ferguson's website and been thinking about his loan strategy of taking out 5 year ARMs and focusing on paying off the mortgage within 5 years. I know other buy and hold investors in Bigg...
Josh B.
1031 prep and surprises?
I own an investment property in Washington DC and am considering putting it on the market and doing a 1031 exchange. What do you wish you had better prepared for or what unexpected issues did you have when selling or...
Paul Allen
Cash Back Credit Cards
I seem to be getting quite a few offers recently from banks offering me credit cards with initial cash back bonuses. Spend $4,500 in the first 90 days and get a $500 cashback bonus. Spend $500 in the first 90 days a...