I have a house I rent out for 1300 a month. I owe 60K. It's worth 120K. How much should I be making annually on this income property. I feel my numbers are very low, but I am new at this so I am not sure. After taxes,...
I am nearly completed with my first fix and flip and will be doing a cash out refi in about 2-3 months. I was told recently that I could negotiate refinance fees basically down to nothing if I tried hard enough. Thi...
Hey BP, I'm not sure if this question has been posted before. But I'm in the midst of reading @Scott Trench's book "Set For Life" (awesome book btw). I'm at the part where he talks about "good debt" and "bad debt" and...
I have a property that is a cash only sale. I'm 30000 short. I have good credit, BUT the only way I can get the 30000 is on my credit cards. My question is, since the additional 30k in credit card dept is going to rai...
Anyone else concerned with the debt crisis? How are you positioning your self defensively? How much cash reserves keep on hand. 3 months, 6 months, 12 months?
Bob is an excited 30 year old wanting to buy his first apartment building, and found a smokin' hot deal. Bob wants to sell his two SFH to generate 140k so he can buy a $70k Apt building and fix it up with $50-$70k. AR...
I'm just starting
Was hoping that someone could offer some advise in regards to my situation:First, I have owned a duplex and rented it out for about 5 years now, as my sole rental property, up until 2018.In 2018, I decided to focus o...
Coast FI by 32 after racking up $20K in credit card debt only a few years earlier!? However unlikely this turn of events might seem, the truth is that any money story can be turned on its head with a little financial ...
I just paid off all my credit card debt with my savings with hopes of improving my score but now I don't have as much "saved" for my down payment..
Was that the right or wrong move?
#Thoughts