Steve Hall
Marrying a partner with lots of debt?
I just read "Walking the Tightrope between Debt and Leverage" by @Anthony Gayden where he talks about an impressive dig out from crushing debt. What I found interesting was that when he married his wife, she brought $...
Lynn Maher
HELOC denied and don't know what to do next
I have a few things going on. So much that I wasn't sure how to title this! First, I have too much credit debt (embarrassed to admit 50k) and wanted to obtain a HELOC to pay off and at least get a tax credit for the i...
Westin Hudnall
Using 401 K money to pay off my primary mortgage - Good or bad idea ?
My story : I'm 30. Fully vested with $55,000 in my 401 K . My primary mortgage has a balance of $35,000 left of my original $182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and w...
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...
Jared Michael Rollins
Starting out in real estate investing
I am 42 years old and married with two children. I make approximately 120k a year. I live in southern California. I have no credit card debt. However, I have approx. 17k on one car loan and approx. 40k for student loa...
RJ Haugen
Considering cost when choosing between colleges.
Ok so I will go into personal specifics but the general question is how much of a role should money play when looking at college. I’m a senior in high school and have my decision down to two schools. The university of...
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...
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...