Account Closed
How to begin investing with a large amount of debt
I have been listening to the podcasts, reading, studying and using most of my free time to learn how to invest. I have learned much from other investor stories but I have yet to come across a success story of a person...
Sarah Buchanan
Police damage property to extract burglar
This evening, a tenant of ours was notified by the police that a man they were pursuing had entered her home (our property). He was of no relation to our tenant, just happened to be running through the neighborhood t...
Amanda G.
How do you vet note JV partners?
Working on my due diligence for note investing. I am happy to learn as much as I can through reading, and I also know that the main teacher is actually doing something. I've been interviewing potential people who curr...
Jon Borowski
Have parents take home equity on their home to finance rentals?
Hi everyone. I'm thinking of approaching my parents with the following scenario. I have a feeling they would be okay with it due to my work ethic.I live in the NY Metro area and want to get into real estate investin...
Peter Tryon
Hard Money
Hey everyone, not sure if this is the best place for this question...
But I have a question about hard money lending. I've been researching some lenders in my area and most say they only give LTV of 75%. My question i...
Leonard Rybak
Recent issues with mortgage broker
Hi everyone, just wanted opinions of this community. I have done 3 deals using a mortgage broker recommended to me by a real estate agent (who I no longer utilize) This mortgage broker was a little shakey on the fir...
Kae M.
House hacking vs out of market
2021 Goal is to grow to 10 doors from 1, investing for cash flow.I currently own 1 rental in San Diego that breaks-even because I stuck my retired parents in it, it’s 60%LTV with $320k mortgage, worth $545k.I rent in ...
Brian Ellis
Taking time to rest?
Good morning everyone,
I’ve spent the better half of the last year busting my tail to gut and rehab my single family home (first home purchase). I did this while working for a demanding family business, and gaining m...
Michael Cooprider
LLC for Properties and S Corp for Property Management
Ok, I have 3 properties under my LLC, Wiregrass Property Investors, LLC (WPI). My wife and I are owners. We make $40,800 a year in rents, before taxes. I also have an umbrella policy to cover my personal assets.
I h...
John Jabson
Inflation?
This is such a basic question, but I don't quite understand the basics of it.
If my income increases by 3.5% per year (that's my current raise per year per our contract) and inflation has been between 3-5% pe...