Chris Wilkening
When do you accept your profit?
Recently bought my first rental property. After all expenses it should cashflow around $157 per month. My question is when do I withdraw the profit? Ideally the reserves would cover anything that came up, but you neve...
Account Closed
starting out...how much is enough...or what to do with 20k
ive been asked this question a million times...i think my advice is sound, but looking for other opinions. FYI im an investor in the southern new jersey, philadelphia and delaware markets
Dylan Duffield
First personal house or first rental unit?
So here’s my situation. I’m 2 years out of school. last year I made 52k and this year I’m on pace to make about 70k. I’m in a field where Income can fluctuate month to month but I am pretty good at saving in advance. ...
Ted Sung
California LLC setup for expenses?
Hi All,
I've been pondering about this so I thought I query the forum.
I'm a newbie investor and so far I have not purchased a property yet. However, I've been looking, researching, etc.
I'm wondering if it's feasi...
Rafael Brown
In need of some guidance on lending
Hello fellow members,
Ok, here we go. My family and I are relocating to another part of the country in July of 2017. The plan is to rent a home for a 1yr or 2 to save more cash. We do have a significant amount saved...
Jack B.
Selling my own house while working as a real estate broker?
I used to pay for a flat fee listing on the MLS to save myself money when selling my properties. I'm now a licensed broker. My agency contract states that:Property Investment: Associate may acquire, for personal inves...
Jeremy Heidemann
Home Equity Line of Credit & Mortgage
I am thinking of taking out a Home Equity Line of Credit to use as a down payment and then getting a Mortgage to cover the rest. Is this a good way to get started? Any downfalls or is there a better way without having...
Zachary Hutchinson
60% Leverage as a Principle
So I’m saving up to buy my first rental in 2020. I have a wife and a kid on the way, and I’m a newbie. I’m currently writing down sort of a 5-year rental property plan, and I want to hear your thoughts on a principle ...
Michelle S.
Sell flip home self or Use realtor?
The deal:
Realtor 1 charges 1% to sell my rehabbed home and she got me my 1st rehab home at a good price. We don't agree on everything at times, and she is older so she makes mistakes. 18 yrs exp.
Realtor 2 is offer...
Salomon Utrera
HELOC with proof of income
I want to invest specifically in rental properties like AirBNB and VRBO, so I'd like to apply for a HELOC to take advantage of the equity I have in my actual property. I have enough equity to get going, but I can't pr...