Delmas Edwards
I need help in what I should do, what are my options?
I have a rental property I purchased cash using my credit cards. I purchased it for 18k rehabbed it and now it appraised about 35k. The interest rates went up and I really don't want to sell for 35k I'll break even on...
Don Spafford
Has anyone ever used the Velocity Banking Strategy?
I searched for Velocity Banking but did not get anything to return except for some lenders using that name. I just was introduced to this strategy this week and was curious if anyone has done it and what their experie...
Payton Reid
Should you buy a rental property with cash?
I just purchased my primary residence in a new city with cash ($350k) and have another $250k sitting in cash.Should I buy our first rental unit(s) with cash (after reserving 6-8 months living expenses)? As context, we...
Collin Schwartz
Trading W-2 for Self Management- 0-92 Units in 16 months!
I hope to provide an informative account of how I was able to scale to 92 units in 16 months, leave my W-2 job and truly find my passion.Back Story:I am 33 years old, I am married with two young (1 and 3) children. My...
Chris M.
In a really tough spot - uncertain what to do - advice needed
Hey guys, so we have a closing scheduled for this coming Monday, and I need to wire $24,000 to the closing company for this house today (Friday) to have the funds reach on time for the closing. This will be my first h...
Jim Welch
How long should my flip property sit on market before I worry
Dallas Texas MarketPurchase Price: 84kEstimated ARV: 149kRenovation: 30kCurrent Days On Market: 55Original Listing Price: 149.9kCurrent Listing Price: 146kCurrent Net Profit Potential: 10kThis is my first flip and I e...
Austin Hendrickson
Opportunity Zones - new potential PERMANENT tax savings?
Hi Everyone,As a CPA who specializes in real estate I have been doing some reading on the new Opportunity Zones (OZ) passed effective 1/1/18 with the new tax law. While guidance is still a bit unclear and more researc...
Account Closed
Hating Banks== Just Don't
Mind Blown: For the longest time many people have posted so many negative things about banks etc. Myself included..... then I thought about it: Why tf would I hate a partner with virtually an unlimited bank account? B...
Jami Morton
The turnkey discussion
Looking for some advice...I am fairly new and wanting to create steady passive income the best way I can via rentals and I thought turnkey...When doing the turnkey thing its very hard to find a company that provides b...
Arvin T.
Buying a multifamily in socal anyone?
Did anyone ever bought a multifamily in southern California as their first investment?