1 July 2019 | 4 replies
If both properties produce positive cash flow (which you probably shouldn't buy unless they do), then your DTI should not be hurt by purchasing the condo.
12 June 2019 | 13 replies
As long as you have staying power through a healthy DSCR and conservative reserves and allowances, it would seem that the willingness to hold the asset for a potentially long period of time becomes a primary consideration.Looking forward to hearing people's thoughts on this.
12 June 2019 | 4 replies
So until you find something else that produces the results you need to keep the Money, Power and Control you need to keep hustling.
13 June 2019 | 0 replies
If there is anything I have to thank those Fraudsters for, it’s instilling in me a healthy dose of skepticism.
17 June 2019 | 10 replies
I would personally choose B which allows you to leverage your cash position to the highest potential and then use OPM (other people's money) and pull out money to put into other income producing assets.
19 June 2019 | 2 replies
I was able to turn this single home into 3 very high producing rentals on one property that cashflows $4k a month over my PITI & operating expenses, and as soon as I move out and make the back house an Airbnb, it will cash flow over $8k a month with only a 3 year ROI.
18 June 2019 | 8 replies
Then One tenant moved out and I re-rented the apartment at a healthy increase. 2 years later I did the same with the other one and within 4 years without much effort it was cash flowing pretty nice.I still own it today.
27 August 2019 | 28 replies
If so, that is not a healthy situation for a guy who owns rentals.
19 June 2019 | 6 replies
Overall, our market is really healthy right now and there just isn't a ton of distressed inventory that is coming available to people that aren't doing their own marketing or working closely with wholesalers.
22 June 2019 | 8 replies
There is a pretty healthy margin for something to go wrong and still be profitable.