Maria McGary
Insight into financing a purchase from city government
I am seeking opinions/advice.The city is selling a vacant property donated to them by a bank. It needs improvement - two big ticket items (roof repair and windows). The property costs less than $5k. I would like to ha...
John Slipski
Looking for advise on finding creative financing
Hi All,
I live and invest in the Youngstown, Ohio region. I am a father of 2 beautiful little girls and although my wife and I have carriers outside of investing we have a goal of eventually retiring on passive incom...
Javier Perez
Financing upfront vs Equity/Heloc acquiring new properties
Hi Everyone,
So I'm trying to work on a strategy in acquiring more rental properties.
I currently have aprox $300,000 in cash saved up to use towards rental properties purchase.
What I had thought was to initially...
Andrew Assman
Where do you park your investment savings?
My wife and I currently have three Ally savings accounts:
1). Emergency fund (4 months or so)
2). Investment savings (automatic contributions each pay period and dedicated to investments outside of our Roth/401k’s)
2...
Steve Cady
Interest Tracking for Seller Financing
Another newb here trying to figure it all out. I have a general question about seller financing. On a traditional bank loan, the bank sends out a 1098 mortgage interest statement to show what interest you paid for t...
Thien Nguyen
First Investment property
Investment Info:
Single-family residence buy & hold investment in Augusta.
Purchase price: $48,000
Cash invested: $10,000
Managed to get 15% down on a high cash flow property in Augusta, GA. Prop...
Trevor West
North Carolina Duplex at the Peak of COVID-19
Investment Info:
Small multi-family (2-4 units) hard money loan investment.
Purchase price: $88,000
Cash invested: $10,500
I went under contract on this duplex with the intention of using a 15% / 15 ...
Trevor West
North Carolina Duplex at the Peak of COVID-19
Investment Info:
Small multi-family (2-4 units) hard money loan investment.
Purchase price: $88,000
Cash invested: $10,500
I went under contract on this duplex with the intention of using a 15% / 15 ...
Nicholas Fazio
Explain this financing strategy
I don’t remember who said it or where even, but I quote:
“I'd get a secured line of credit against the property. That way can pay cash for another asset, refinance that property, pay off your line of credit, then u...
Anthony Bobbitt
Should I Move Out Or Stay With Parents?
I'm a 19 year old leaving in Central Pennsylvania. I would like to get started in real estate within the next year. I have a pretty descent job making roughly $40,000/yr. I save/invest roughly 70% of my income because...