All Forum Posts by: Jim Blackburn

@Chris DeSisto -  I work 18 hours/day, but I never feel like I'm working.... It feels more like a puzzle, chess match, or treasure hunt... The destination is always the same (helping clients achieve the dream of home ownership, to buy their dream house, or to find freedom with passive income)... but new obstacles are always arising... constantly having to regroup, "coming back to the center," learning new strategies, and new paths to that destination.  It's constant growth every day --- knowing that you will never be a master because you can always be better.  It's fun.  Thanks for asking. 

@Dan Hoehn - lol.  I hear ya on that! 

@Jordan Santiago  - cool.  Keep in mind if you want to get 75% of your purchase price back with delayed financing, we have to close the refinance within 60 days after purchase closing date. Otherwise, you have to wait 6 months.  If you want 75% of the appraised value, then you might as well just wait the 6 months. 

Ask Anything. 

Keli A. If you payoff your rental, your equity inside the house earns a net internal rate of return of exactly 0%. If you'd like to keep your equity making more than 0%, then you invest it. Your desired return determines your risk tolerance, and thus investment vehicle choice. Looks like you are Realtor and so you personal expertise in the field could make investing in real estate and lower risk (more informed) investment choice than investing in the stock market. With real estate, you have more leverage. With just 25k for example, you might control 100k of assets. If you make 10% on 100k asset, you just made 10k. With stocks / mutual funds (unless you are using a margin account, Complex, and not discussing here), your 25k investment only controls 25 of assets. So to make the same 10k profit, you would need to make a 40% return on 25k!!

Casey Randall Lenz close to home. Cut back hours in the car. Time is money. Ask Anything.

Jordan Santiago will it be a cash offer or you will need financing? Ask Anything.

Marty Gold yes absolutely. Ask Anything.

Dustin Dummer Best Strategy: Cash Out 80% at primary residence rates. Add another 9% HLOC with same appraisal up to 89.9 max cltv for maximum leverage. Then move out and get a renter in there. Ask Anything.

Vince Gethings You'll have to wait 6 months after taking out of LLC to go conventional. Ask Anything

Jake Hart Expenses are calculated from loan payment, taxes, insurance, and HOA monthly dues. Income comes rental income reported in line 3 of schedule e. Unless it's new property purchased, then a lease and proof of receipt of rent will be used. Ask Anything.