Withdrawing 401K entails a 20% tax cut and 10% penalty fee but I want to use it to being my real estate journey and exit my 8-5 in the next 2 years. Any thoughts if this is a good plan?
So, the title really says it all. Am i wasting my time looking at foreclosure properties? I get that some properties can sell for much less, but just for the sake of this discussion, I'm referring to foreclosures tha...
If I want to hire my best friend, for example, who has done work for me and I know his work is good quality, what issues will this present in my BRRR? Will I have an issue getting hard money? etc TIA!
I'm interested in talking to anyone that has hired Anderson Business Advisors for help with asset protection strategies. This is the firm founded by author Clint Coons who wrote Asset Protection for Real Estate Inves...
I am wondering what is considered a "good" profit margin from a rental?
Its obvious you want to be making profit...the more the better. But is there a bench mark that expereinced and successful investors make? Are we...
Does anyone else see the same major flaw of the mystical BRRR strategy?
At the end of the day, arguably the most important element or phase of the BRRR process is the refinance to get your exit money. And the appraisa...
Hello everyone, thanks for taking the time to read this.I have a condo that currently can sell for ~ $700k, originally purchased for ~$500k, 30 yr fixed at 4.625, currently rented for $2,800. All other monthly expens...
Hell,I'm starting my yellow letter campaign this week and was trying to get some opinions as to who I should mail to? Besides driving for dollars, which iv'e done and have a decent amount of leads, I also want to send...
A local "investor" has about 15 properties going up for auction in the next couple of weeks. One of which is a 5 unit apartment building that I'm interested in.Buying any decently priced real estate in my area is a r...
Hey everybody, so I have an issue and not sure what exactly to do. It is a good issue to have but still a big decision. So right to it. I have saved up about 225k in cash and another 230k in stocks consisting of 401k ...