8 July 2010 | 1 reply
Might I recommend the book, "The Referral Engine" as a source of marketing ideas that can get your leads generation super-charged!
17 July 2024 | 5 replies
More on DSCR loans: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
2 August 2023 | 12 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
1 August 2024 | 2 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
5 July 2024 | 11 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
14 October 2016 | 11 replies
This often a good way to supercharge your annual retirement account contributions.
5 August 2024 | 21 replies
About 5 years ago we hopped in a RE syndication and pulled out of it recently to take a more active role in our investing (returns where meh), along with trying to supercharge our financial goals in retiring early.
10 May 2019 | 12 replies
Your are correct and I have as of last week implemented credit repair supercharging.
29 July 2024 | 9 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
14 February 2022 | 21 replies
.- Assuming a $200k house with 20% down and $200/mo cashflow, - If you throw cashflow at mortgage every month, you will pay it off in 20.5 yrs as opposed to 30 - You definitely increase net worth faster by doing this (an extra $3,948 at year 10, which is pretty small, but still something compared to the total $24,000 cash you would have saved over the course of 10yrs at $200/mo) - You hit $80k in equity at 6yrs 5mo as opposed to 6yrs 8mo - this is the real advantage because it allows you to acquire another property faster, but there is a very small difference here- Overall, I would say following about this strategy: - only do it if you are confident that low-interest fixed-loans will be available 6-10yrs down the road when you would be looking to refi - would be a shame to lose that advantage for the small extra advantage of paying down mortgage over that time period - this still seems like a no-risk, no-tax savings account or bond - instead of parking extra income (from job or whatever) at bank with minimal returns while waiting to buy another property, "invest the money in your mortgage" by paying it down - I suspect this strategy might start to look better if you had an extra $1-2k/mo from job to put into this to really supercharge equity which is what David was talking about in book, but I'd have to crunch numbers more - of course, have to make sure that refi closing costs won't wipe out any gains, and you don't risk losing a low rate fixed loan as @Robert Purcell said - also, I suspect that nominal stock market returns of 7-10%/yr would outperform this (even with capital gains) because the money will be invested for 6yrs before pulling out for a new down payment (which means long-term capital gains as opposed to short-term and you have a better chance to smooth out stock market cycles so portfolio doesn't crash when you want to liquidate and use it as a down payment for property), but I'd have to crunch numbers more- Interesting idea to tune results, but I don't think I'll use it any time soon.