Joe Capobianco
Start investing vs clearing debt first
I have been listening to a lot of Dave Ramsey podcasts and he insist on getting out of debt before doing most things. I have about $18k in car payment left and $30k on the bank saved. I can easily pay off my car but t...
Joe P.
Deal Analysis - Gloucester City NJ (again!)
I originally posted this a couple of weeks ago with some updated numbers. My initial cash-on-cash seems low, but I can't tell if I have too many dollars allocated towards property management (I'll be managing it mysel...
Ryan Ahlgrim
Tenant's income is decreasing by $1k a month
I have a scenario going on right now and I'm curious how other landlords would respond.
I have a pair of inherited tenants who's income will be decreasing by $1k a month. They're a nice older couple. They've never be...
Alvaro Suarez
How to avoid the 6 month no cash out period?
So I have been looking a wholesale properties to remodel and rent after. I was thinking about different ways to avoid the 6 month period in which one has to own the property for in order to refinance cash out. Here ar...
Georgee Gilbert
Buy and Hold Commercial
I used the BP buy and hold calculator to analyst a commercial property and the numbers didn't make sense. Not sense to purchase and lease out. Can you use this tool for commercial properties or am I missing something....
Craig Moore
How to avoid PMI? Is this possible? (FHA Buyer)
Hi All,I was wondering if any of you had any advice on how I could avoid, if at all, private mortgage insurance. I have heard that this is a significant chunk of your monthly cash flow and if I can avoid it or shrink ...
Jonathan Boyd
Why can't I find tenants?
Hello All,So my wife and I have owned a duplex on the NE side of Grand Rapids for the last 7 years and have never had a problem finding tenants. We are situated right between downtown and Knapp Corner with easy access...
Luis Arguello
Strategies to reduce taxable income while deploying capital to build wealth?
I manage 150 units across 30 properties in Miami. I work for a single owner. We are projecting to pay taxes on $1,500,000 for this year and $2,400,000 next year. That about $500,000 in taxes this year and $800,000 nex...
Jose Mejia
refinancing a property from hard money lender
Good afternoon,My name is Jose Mejia and I am looking to find a lender that is able to do a cash out refinance for a property that I invested in with my brother through a hard moneylender. I would appreciate any and a...
Charles Chang
Thinking of Doing a 1031 on two SFRs to Multi-Family
I have been reading a lot since joining the forum. Now I am finally ready to pull the trigger after getting over the biggest hurdle... convincing the wife.So I currently hold 2 SFRs with no mortgage in San Gabriel Val...