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Email scam almost cost me 1 million dollars
I’m in escrow and today I almost got scammed out of 1 million dollars +.A scammer intercepted some emails and pretended to be the escrow officer from the title company. They sent me wiring instructions for over $1 mil...
Peter Xiao
How is everyone feeling about rates?
Inflation has only dropped my .1% and Feds are ready to do whatever it takes to drop that. I have been hearing on the streets that interest rates could* go to 12%+. That would be pretty scary heading into a full on re...
Atul S.
Large Transfer - Pay off debts, or keep it and invest.
Hi All, I am a 29 yo male currently employed in a relatively stable job ($100,000/yr). I'm not focused on saving a lot right now and basically, just put money towards my 401k (10%) and am aggressively paying down/off ...
Shannon Allaire
What do I do with all this equity?
Hey Moguls,Newbie looking for advice on the best use of the ~$170K in equity I have in my SFH in East Oakland. I bought it in late 2015 and my home's value has gone up a lot. Currently, I live in one room and rent out...
Josiah Mann
What is the best strategy for the coming Recession?
Hey everyone,My wife and I recently moved to Kansas City, KS and are partnering with investors to acquire multifamily properties in the area. We have an idea of what types of properties we want to go after and the num...
Chris Dee
Would you pay above appraised value?
Hi Everyone, I'm under contract for a multifamily property for $300k. Bank appraisal came in at $282k. Appraisal came in low because there are few multifamily comps and they all sell at massive discount because they...
Steven E.
Downpayment Financing: Unsecured Line of Credit & 401k Loan
Hello,
I am looking to buy my first property and employ a buy-and-hold strategy whereby I'll rent a single-family home to tenants (cash flow positive). I am looking at homes in the $70k-$90k range in Raleigh...
Larry N.
How to approach sellers for lease option deal?
After a basic email to sellers asking "will they consider a lease purchase" to see if they are even remotely interested in this type deal, some say they may be interested but first want to know my background, credit r...
Don Konipol
How Will STR Restrictions Affect MTR Profitability?
In locations where STR become restricted, it seems probable that many, if not most STR owners who are no longer legally able to offer the STR option, will choose to turn to MTR. With a house full of furniture, and a ...
Elijah Skinner
Best state for house hacking if you could move anywhere?
I'm curious to what everyone thinks. Is there one area that is typically viewed as the best option for house hacking? Are there a couple markets?I know the consensus is "The best market is the one you're already in"...