These are the loans where a bank lends you (for example) $10,000, but you must establish a CD or savings account with that bank in the amount of $10,000 as collateral and you can't touch the account until the loan is ...
I have begun reading the book missed fortune 101 by Douglas R Andrew, and have to say that it is a very intriguing way to look at mortgages tax deductions and retirement accounts. I have not finished yet but would li...
This is something I suspect many are seeing more and more. It is the case in my investing area, and I have people in other parts of the country reporting the same thing.
The banks are apparently switching gears and i...
We just finished refinancing our first BRRRR property! Time to repeat the process!
We learned a lot on this first one. It went better than we anticipated it would. We had a fantastic team helping us out and are so gr...
After spending a few years investing out of state in long term rentals, I realized that I would have to accumulate up to 100+ houses at the infamous “$100/door” target to completely decrease my dependance on my W-2 in...
Hey guys! Im looking for advice here.I've been looking into trying to open up an unsecured line of credit, mostly through my business. The issue is i've been mostly getting denied simply because of the fact that my bu...
I have a few questions and I will definitely be seeking professional guidance as well, but wanted to throw this out in the forums.Background: I have just opened a single member LLC. I have a personal HELOC on my pri...
We are currently preparing to get started with REI in the Phoenix area. Sometime mid next year.
We have some capital in our savings account. We also have some money spread around in various mutual funds; some in plai...
Hello BP community and for those who already made it :-) :-) (Baby boomers & Gen X)
when I was in school some one once said to me, to be financially free you need to have five sources of Incomes - at that time I ...