Oscar Maciel
Credit card debt vs available cash
So I’m in a bit of a dilemma, I have about 25k in credit card debt, more than half of which was used for rich dad poor dad elite education. I recently sold a home and have an extra 20k in the bank should I pay the cre...
Georgii Ivankin
New member from SF Bay Area (originally from Russia)
Hi all! I've recently moved to US for work - I am a software developer working in Silicon Valley. After reading "Rich Dad, Poor Dad" a few months ago, I started thinking about the ways to generate income other than my...
Account Closed
seasoning period - next purchase condo or multi-family?
hello to all out there and good morning. I am closing on my first condo some time next week with a conventional loan. I am however already thinking about my next purchase either multi-family or perhaps another condo...
Dylan Bennett
First Investment (House-Hack)
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $190,000
Cash invested: $10,000
1st duplex we are house-hacking $5k seller credit at purchase looking to ev...
David Fileger
I'm looking to finance a hard money loan I used for a foreclosure, what's the best way to do this with poor credit.
I just recently purchased an investment condo out of foreclosure (have three other there already) however, I had to use hard money to acquire the property to the tune of 18% over a year and a half with a balloon paym...
Maureen Santibañez
Collecting rent from tenants
How do y’all collect rent from tenants?Me and my family recently came across an ad that seem too good to be true. It was for a rental on Craigslist. 3bed 2.5 baths all bills paid except water with a security deposit o...
John Gullickson
Chief Denney
I just heard Chief Denney talk here in Las Vegas and was pitching a 2 day workshop on foreclosures, specifically REO's, more specifically purchasing REO's in bulk and selling them to us for 70 cents on the dollar. Ju...
Tyler Stephenson
Transfer funds to business account or leave in savings
I am in due diligence period on my first investment property. My question is: should I send all my funds into my business checking account to use it as the down payment and closing costs account? Or just leave it in...
Jonathan Sikes
How to make money in realestate if the bubble bursts?
Hello everyone,
I'm very curious what strategies people are planning to use, if the housing markets tank again, like in 2009. I know many of you were investing during the last recession and were able to ride the wav...
Ray S.
Renting to tenant with history of bankruptcy?
I used SmartMove for a credit/background check of a tenant. They filed for bankruptcy 10 years ago, but it is still showing up on their credit report. They have a very high salary for how much they are renting for tho...