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TSP is the Feds 401K. I have been considering taking a loan out to purchase a rental property free and clear. The problem is loan repayment term is 5 years, which pretty much kills any cash flow. The interest rate is ...
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We begun an eviction on Monday with some tenants. I sent them an email explaining the process had started and that no partial payments will be accepted from this point forward. The next day they sent a few hundred buc...
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Your advice appreciated with this dilemma:
I am about to close on a 6 family (1987 construction). Rent is currently $2100/month. There is one meter and I JUST found out the monthly water bill is like $300-$350 - I ...
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My lender is warning its clients that it will no longer accept payments from a business bank account, which is how I’ve been paying the loan since its inception many years ago. They insist I must pay using a personal ...
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A lot a newbie investors spend so much time trying to learning "the right amount" of information before jumping into investing (as if there's such a thing). But every experienced investor says it's more important to j...
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Hi folks, I lend money to a friend last year in April for her flip in Mountain Baldy, San Bernardino CA. She couldn't get the property sold because of the lease land and some title issues. I signed a promissory note w...
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Hi everyone,I just wanted to write a bit about house hacking in NYC. I started in 2013 buying a multifamily using an FHA loan with a sellers' concession included. My total out of pocket for that house, that cost 400k,...
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I started buying rental property five years ago to create a passive income stream. At the time, my realtor and friend who helped me buy the fourplex said “watch out, Real Estate is like crack.” For me truer words ha...
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I am talking to individuals in my area who are investors and buy properties. I mentioned that I am starting out in the business myself and would need someone to sell contracts to. These individuals said that they woul...
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Hi all,I've heard that it's smart in an asset protection way if you setup a Revocable Living Trust to run your LLC if your LLC is a real estate investing company (i.e we flip houses). I don't know much about this conc...