All Forum Posts by: Stephanie Hardy

I know this meeting has a fee. Is there usually a fee every meeting?

I've never been to one of these meetings before. What happens? Are we just eating and mingling or is there a speaker or something more organized? 

 Horizon Ridge

2630 W Horizon Ridge Pkwy, Henderson, NV

 How are rates for LLCs different from a conventional loan? 

If they have a debit card, you can use any company that charges credit cards. For our other business that we use, I use Intuit (they run Quickbooks) for my credit card processing and I am able to choose a day weekly, monthly, etc for the charge I input to be automatically charged every time. When it charges the card, it will send the client an email receipt letting them know their card was charged. Just set up an online merchant account. No monthly fee. You just pay per charge. I am almost certain you can set it up with a checking account, too. 

Congrats on the baby! 

A line of credit is nice because you only have to pay interest on the money when you use it. So, essentially, you have $100k at your fingertips, not accruing any charges (except maybe a yearly fee which is usually minimal) until you use it. Sounds awesome!

Since this is a real estate site, I would say most responses would be for going with real estate :-)

To go along with that, when investing in stocks, you have very little power on what happens with your money after investing. With real estate, there are so many different avenues to pursue and so many ways to make money that you are able to have more control of. 

Sounds like I need to get on the ball and get that rental so I can have our rates steadily rise with everyone else! Great info! 

Probably the easiest way to start is buying owner occupied homes for your primary residence, living in it for one year, then renting it out while either buying another residence or renting yourself until you qualify for a 2nd owner occupied home and repeat the cycle over and over again. This cycle does require moving a lot, but buying the homes as owner occupied, you are able to get loans with less money down and lower rates. After 1 or 2 tax returns of renting a home (I forget how many), part of the rental profit counts as income, so that boosts what you can qualify for.

My brother-in-law has bought 3 homes in around 6 years doing this. I would like to do this method, but have 3 little kids and moving that often sounds horrible, even though it dies make me clean out all the stuff I don't need! :-)

Hi JT. My husband is from Vegas (he actually just got his RE license) and I've been here 8 years now. We have bought a couple of primary residences, but no real investing yet. If you ever have the desire to be a mentor during your flips, we'd be interested! :-)