What is the downside to purchasing a multi unit (28 units) building (currently approx 90+% rented), if rates rise, and the economy slows? I heard on podcast 3 that the guest lost millions in the 2008 downturn. I am g...
Is anyone selling part of their portfolios in overvalued markets before the next recession hits? If you’re in middle income areas are you prepared to make it through the next storm?? What are your strategies??
Okay so a quick background so you can understand how I cornered myself in this position. Background:When I got out of the Army I bought a duplex foreclosure with my former wife. We divorced about a year later and sold...
As luck would have it, I lost my job a week ago. There are some employment possibilities on the horizon, but nothing sure yet. I feel like my investing ambitions, have been put on hold. My focus has been on looking fo...
Let's talk about it. How is our situation in 2020 different from the 2008 crisis? What strategies worked then that will not work now; which ones will be just as successful?
About April 2nd I put in for EIDL loan.
Yesterday I got approved for $1,400.
Apri 2nd I thought some of my renters wouldn't make rent. all of them did.
So obviously I want the $1,400 which I think is forgivable...
I am thinking about purchasing a home or condo in Galveston, TX to use as a str and need input on occupancy rates. There is a report you can buy for $80 from Air DNA which shows data from Airbnb, but wanted to see if...
Good day everyone. Here’s a quick example of a Private Money Partner funding opportunity I underwrote recently.The borrower’s exit strategy is to Wrap the property to a homestead buyer. Below are the figures:
Purchas...
Hi all,
How do you withdraw the money in your current employer's 401(k)? I don't have a financial hardship, and I don't want to take out a 401(k) loan. Is this possible at all?
I know there are penalties for withdra...
Hi all,Just getting started on this real estate investment journey. I've decided to focus on rental properties as my 'niche'. I continue to go back and forth on whether to focus on single-family or multi family units ...