I just bought my first 4 unit building 6 months ago. I’ve needed to put some money into it along the way. 3 units are occupied, the 4th is mine. The rent breaks down as:75010251160Total: 2935The expenses:1850 (mortgag...
Hey Everyone, I am curious if you all have been proactively planning what your COVID-19 communication with your tenants will be for May? The situation is so fluid, and rules for rent collection, late payment notices...
Tenants moved in in Apr with low credit score and not very sufficient income. I rented to them because his mom co signed and lived just couple of doors away in the same community ( What a lesson! I should never rent t...
I have learned about this solo 401k in which you can use some of your 401k to invest in real estate as long as you pay it back with interest within 5 years. My question is once you pay back the amount you borrow, do ...
Hello everyone! I am trying to figure out if this strategy makes sense. I currently have a about 20k left on a 401k loan that I am paying back. I used it to purchase some cash flowing rental properties. The monthly...
Hi Everyone,
My name is Olivia, I’m a 24 year old college grad (Penn State ‘16) and like most of my classmates I have student loans ($45,000). I am trying to prepare myself to purchase a property for househacking in ...
I'm confused. Can you borrow money from solo 401k for personal use? I understand like buying your primary resident. Can you take a personal loan? Personal loan can be buying a car or anything personal like that ri...
Hello all,Reaching out to see if anybody has any hacks for getting credit card debt paid down/off, sooner/cheaper.The debt was planned/strategic to get me into my first houshack (and has worked).I have a plan to pay i...
I live in Washington state and I am taking my first steps into renting a home and right now I'm learning the numbers and getting my analyzing reps in with the calculator. I found two other properties, but they were sh...
I am looking to purchase a 3 unit rental property using an FHA loan. The price of the house is $600,000. I plan on putting about 10% down. I will be only collecting rent from 2 units throughout the first year as I liv...