I was just asked why $1M in assets is better than $1M in savings. I believe $1M in assets is truly worth more, but I honestly don’t know why. Can someone please explain?
"Patience is not waiting. It’s figuring out what you do in the meantime.”
- Alex Hormozi This quote and way of thinking has been instrumental for me in real estate. Realizing t...
I've set up a Wyoming LLC that will be THE Member of a California LLC (yet to be set up),The California LLC will have a rental property, with income and expenses like a regular business,OK, so California LLC looks leg...
Hi yes i was wondering could i get in trouble if i were to take out a mortgage loan and claim that i was living in this home as a primary resident. But in reality renting it out and not telling my mortgage company abo...
HGTV, = more information or disinformation?I have a 80 something relative, that insists that Property Brothers is real. I've never watched it, have yet to watch anything nonfiction on HGTV though. Maybe I should be mo...
There is a psychological research finding that used a light switch as the variable. The experimenters had subjects flip the switch at will, and they varied the light on and off. It turns out that optimists were overco...
Hi guys, I've made two attempts to retrieve public records lists of probate, delinquent tax, code violations, and inheritances from my county (Bergen County, NJ). After been given the run around, i have been told that...
Here is some background. I want to purchase a property, rehab it then do a cash out refi for 80%LTV which will easily pay off all debts and myself back. When working my ROI Math how does one factor a cash out refi i...
What proof is needed that you are actually living in [it is your primary residence] an FHA financed home?
First post, first investment property. A broker I’m dealing with sent me the email below, his numbers are not working out in any mortgage calculators that I’ve used. I’m i missing something?
You have been pre-qual...