“Get rich slowly” is a concept that most people in the FIRE community can get behind. “Time off,” on the other hand, seems to go against the idea of grinding to financial independence now and waiting until later in li...
Melanie Hartmann
Quit My Job and Plan to Wholesale
Hi All! I had to share. Against all conventional advice and wisdom, I've just quit my job. My fiance's job brings enough for us to cover are needed expenses and I have about a year's worth of savings built up on top o...
Eric McCarty
Getting a loan for BRRRR Method
Hello All
I have a pretty good grasp on the BRRRR method and how it works (I think). The only thing I don't fully understand is the financing to purchase and rehab the property. I've called several banks and in gen...
Want a zero percent interest rate and a paid-off seven-figure property? What about a quick fix and flip that’ll net you six figures in profits? Or, maybe buy an office and make nearly half a million dollars while havi...
Kent Harris
Why do I need to use Hard money?
I recently purchased a house for $120,000 in cash. The cost approach on the house is $185,000 after renovations. If I go through a conventional lender they are requiring me to use a hard money lender to renovate the h...
Steve Uekert
STR - Does Home Size Matter During A Recession?
Happy Wednesday everyone,I have a question that I've been pondering. After sitting on the sidelines for a long time, my wife and I are finally moving from interested, to serious in our pursuit of a STR. We're likely g...
Amy Van Ollefen
Confused about LTV for Hard Money
I've read a lot of posts about this, and am still a bit confused. If I am purchasing property that the asking price is $99500 and the appraisal is at least $155K which makes under 65% LTV, if I am getting a hard money...