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I have been doing the Brrr strategy for over a year and have about 12 units. All are under my LLC's name and are currently a interest only loan. It helps with Cash Flow, but I want to start gaining some principle. The...
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Ok I'll make this short as possible... I owe 30k on my house. I have 20k cash for a pay off in addition to 10k in savings. I'm thinking of doing a 10k personal loan and using the 20k pay off fund to pay the mortgage o...
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I am considering taking a personal loan (20% interest @ 5 years) for a nice house that is going up for auction next week. This is a cash only deal, with lots of potential. My plan is to BRRRR. I'd like to find a hard...
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I am sure that the answer is “it depends.” But, two friends and I want to start buying and renting out multi family homes. I do not currently have a mortgage, but both of my friends do. Would it be better for me to ap...
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I am sure that the answer is “it depends.” But, two friends and I want to start buying and renting out multi family homes. I do not currently have a mortgage, but both of my friends do. Would it be better for me to ap...
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As a newer realtor I'm thinking about starting an llc or s-corp so I don't get burned as badly on self employment taxes. I am also getting ready to move and rent out my current house and purchase a new one. I'm trying...
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We have 8 rental properties that are in our names but after reading some recent news articles, we want a better way to protect our personal assets and improve our credit score (due to a huge debt to equity ratio from ...
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curious what people do when they still have a loan and only a SFH. llc or no llcAbout to close on my first rental property single family home, purchased in my name. I plan to get umbrella insurance policy to protect a...
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Hi! I've read various ways to go about this, but wanted experienced insight. I turned my former personal residence into a rental and have it listed as such, with occupancy coming up within the month. I also have this ...
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Last year, I purchased a home with a 7% interest rate. I made a substantial down payment, so I could potentially pay off the house in about 4 years with my current income. I'm 23 years old and plan to use real estate ...