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I'm in the process of purchasing my first property. It is currently a rental property that rents for $1400/month. My current plan is to buy the property and occupy it myself for the next 6-18 months. It could use s...
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Suppose you have $46,000 mortgage at 8% interest on restaurant, $22,900 SBA loan, $3,900 at 1.75% interest on a microloan, $23,00 on temporary 0% interest credit cards all for the same business totaling $95,000 in deb...
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What is a good balance between debt and leverage?The biggest mistakes I have made were when I assumed I was strong enough to overcome the psychological effects of dealing with debt. Last year (just after I was on the ...
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Hello everyone.My wife and I were talking last night and she actually brought up an idea I didn't have an answer to. I'm sure someone here knows.I bought my current residence in '08 via an FHA loan. I recently got mar...
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Hi Everyone,I am running in to a problem with lending. I am not getting approved for a loan due to my debt to income ratio. I purchased a 2-unit last year that has appreciated tremendously. I house hacked, as I live ...
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Does anyone have a real estate debt fund deck they can share with me? I am familiar with underwriting from an asset operator perspective, but not the debt side!
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I am currently a college student interested in starting my real estate journey after graduation. I was looking into house hacking after graduating, but I am going to have a lot of student debt to pay back. Does it mak...
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I am wrapping up a personal renovation project in the next month or so, but have come across a potential deal in a duplex which needs renovation. I do not want to approach a bank on acquiring the property at this poi...
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I hope to get a lot of feedback from this post and I look forward to see what everyone thinks!
My portfolio currently consists of a duplex and in 3-4 days I will be closing on a single family home attempting to suc...
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Okay! Sorry for the long post, but please bear with me. I'm trying to provide as much relevant info as possible.So, over the last 3 years I purchased one Single Family at $30k (current debt $24k) now netting $11.5k in...