William Johnny
Pay off debt first or invest first
I’m 22 and have a 16k balance im tuition that i need to pay. I’m currently paying 250-500 a month because that’s what I can afford right now. I want to invest in real estate by using the BRRRR method. The thing is I w...
Quinn Compton
Debt Will Always Outrun Income in DTI Ratio??
I have just been doing the number crunching on DTI Ratio going forward on these. How is it physically possible for someone to achieve 10 public mortgages? The DTI Ratio severely inflates because the income gained from...
Johnathan Walton
Should I pay off two loans before saving to invest?
I have a personal finance scenario where I'd like to know what other people would do if they were in my shoes.In January 2021, I'll be about 18 months away from being completely debt-free (I'm currently renting for $1...
Michael Anthony
Where should i use my money
Hello I am a young entrepreneur. I do residential construction and I am currently living in a single family house that I am flipping. I plan to live here for 3-5 more years because I enjoy the house.I have money (ro...
Christopher Telles
NOD has the cure amount the same as the original loan amount.
We've never bought a property through foreclosure and have recently run across several possible acquisition properties that have peaked our interest.Although I've never bought property in this manner I have watched pr...
William Coet
Courthouse Auction. Property worth much less than the debt.
I'm looking at a property on Auction . com that has twice as much debt as it is worth (I am very familiar with the market where it is located). The property is going to be auctioned off at the county courthouse. Wil...
Ken Deboy
Is it hard to get a HELOC on an investment property if I'm LLC?
Currently own following properties:a. Single family home, Zillow says it's worth $161,000. Currently rented for $850/month, same tenant for 3-1/2 years. Lease is month to month.b. Single family home, Zillow says $118,...
Bennett Manley
Good income, but high debt
I have a possible tenant with a 638 credit score and a bankruptcy filed in 2014. She is 59 and has good rental history. She has a disabled husband and is an adult foster care worker. She has a 45 year old mentally dis...
Hannah DeVries
House hacking/paying off student debt
Hi ! So I am currently a civil engineering student, on an internship year between by 3rd and 4th year. I am hoping to save around $50,000 in my investments by the end of internship, then will have 8 months of school b...
Nathan Frost
Refinance Advice on Portfolio of Rental Properties
Hi all, need some advice. I am looking at doing a cash out refinance / portfolio loan for 25 years at 7.5% interest on 5 of rental properties. Be nice to get 30 years if possible but no one local does that. My paym...