William T Stephens
During a Recession Business Basics
Avoid increasing, and if possible reduce, your exposure to these financial risks.For example, you'll want to avoid becoming a cosigner on a loan, taking out an adjustable-rate mortgage, and taking on new debt all of...
John Mitchell
Financing Help on a Quad Plex
Hi All,
My business partner and I have signed a contract with a construction company for the purchase of a brand new quadplex in Texas. The closing date is Aug. 30th and our lender just told us the loan did not pass ...
Joe S.
Rethinking some of Dave Ramsey‘s teaching
Many people on Bigger Pockets love to hate on Dave Ramsey. I have been one of them in the past. I’ve listened to a number of clips/ shorts on YouTube of Dave Ramsey recently.
First, let me mention why I was put off b...
Ed Engstrom
What to do...when my credit is low 500s
I am working on raising my credit. It is 540. I am a truck driver and will be debt free at the end of the year.In the mean time I am close to having $5,000 put aside that I would like to have working for me.Can I get ...
Account Closed
Getting into a real estate investment
I am starting a new path for my financial future and freedom and I am stuck. How do I know if its better to pay cash for a property or put only 20% down and purchase multiple properties? I still have a full time jo...
Janis Mcquinton
Using Equity to pay off current debts
Hi, I currently have about 200k equity in my current home; I have approx. 90k in IRS, credit card, and vehicle debt, by the end of this year I am expecting a large amt of capital later this year that would allow me to...
Louie Pullen
Whats percentage of your net worth is in RE ?
Thought it would be interesting to see what everyones % of their net worth is in Real Estate.Also, how does your RE allocation break down (sfr, multi, debt, syndications, etc).I find it interesting that most wealth ad...
Noe Ramos
Steadily paying off debt and eager to buy rental properties
My situation is similar to someone who is $20,000 in debt on this forum. I live in the Inland Empire of Southern California and have an interest in investing in rental properties. I am currently paying off my debt as ...
Ahkeem Smith
Broke, in debt, and behind 9 months on mortgage on my house.
I’m trying to decipher whether I should sell my only house after 1 horrible year financially for me. I started a forbearance plan back in August of 2020 and it ends on September 30th 2021. I quit my job last June to h...
Michael Owens
Best credit line structure with low impact to debt to income
Hi all - I am planning to leave my W-2 to go out on my own, and do a combination of (1) rental properties and (2) entitle and flip land deals. I have enough liquidity that I am comfortable doing this for a couple year...