A multi screw driver and a allen key set must bet at your STR in the supply closet. Also a little bottle of locktite

@tammyrussell-rice5508

8 ай бұрын

And, light bulbs. Every time I step foot in one of my properties, I can expect to be changing out spent bulbs. 😜

I've been listening to your podcasts for about 3 years now, and finally decided to dive in. Probably in the worst way possible, but hoping for the best. I actually live and work outside the United States, but I just signed a contract on a 4 plex in Texas! I won't be able to get back there to look at it, so it's going to be completely sight unseen, using 2 home inspectors, and trusting a realtor 🤣 I've been wanting to do this for a while, and just never left like I was ready, and I still don't, but now is better than never, so here I am.

I want to be the first to officially say the beard takes my David Greene crush to the next level!! David somehow never runs out of solid insights to share! Like the fact that interests rates are controlled by note investors and not the Fed..I could go on an on... I've been listening for years, I can thank and blame you David and Brandon both for my initial commitment and understanding of real estate. I've had interest for a while, but they really made the concepts click in my head, fast forward to now and I'm a new real estate investor! David talks about making your current portfolio perform more efficiently, thats what I did. I only have one 4 plex, but I JUST got all 4 leases signed. I have one long term tenant, and the other three are a combination of short and mid term suites all at different price points so that there is something for everyone's budget and I remain diversified. Give me a shout if you want to chat about it! Thank you David, Brandon, AND Rob...I didn't forget about you. You're inspiring too!

Hands down the BP Platform has revolutionized REI for a generation of Americans. And it’s been done w/ a spirit of generosity (anybody could pay Pennies on a dollar for intellectual capital that will pay big dividends if he/she is willing to put the work in)… idk what Josh Dorkin’s vision was when he started this machine but it continues to create and inspire shared value - that u seldom see in business and industry! 🎉cheers 2BP, Dave Greene and all the BP stakeholders

IKEA roulette 🤣

To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made😊

@Alexedmartin.

8 ай бұрын

Alright Phyllis, speaking in general terms, investing requires a good amount of knowledge. That's why it's essential to have a solid support system like a financial counselor, especially when picking out assets. I've been working with Regina Louise Collaro, who is an investment advisor at a registered wealth management company. I can't recommend her enough; my financial journey has been fantastic thanks to her. She's quite well-known for her services, and she helped me achieve financial stability through investments. Now, I benefit from her income strategies every month. So, I'd strongly suggest finding a reliable investment advisor for yourself👍

@Alexedmartin.

8 ай бұрын

Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information on reaching her, you can conduct a search online.

@ugojazzy7812

8 ай бұрын

You are correct, and I am only one of many who gained from working with Regina Louise Collaro. I had no reason to live when I lost my job due to COVID in 2020, and it will always be a memorable year in my life. Regina made it possible for me to live comfortably through passive income, thus I owe her my life. To be completely honest, I think she is an angel who was sent to help those who are struggling financially.

@stephaniefythm

8 ай бұрын

I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .

@skoopqueen

7 ай бұрын

Will def check her out thnks

Bought a property with my heloc in February. Aggressively paying that off and hoping to do it again soon.

@lancealderman2755

8 ай бұрын

Would you mind telling me what interest rate you're paying and if it's variable? Mine started at 3.99% in 2020 when I opened it and went to 9.24% currently. Glad I paid what I had on it off before the rate hikes. I'm also curious to see if the rate will go down if and when the fed lowers rates. I know it goes up for sure. If I knew for sure it would adjust down I would be a little more comfortable getting into something with so so margins right now.

@peaslead

8 ай бұрын

@@lancealderman2755At 4.6% right now. Assuming it will adjust to the 9% range after my 14 month intro rate ends. Even at 9% the tax benefits outweigh the interest costs.

@charlesholder4150

8 ай бұрын

It goes down as well as up.

@lancealderman2755

8 ай бұрын

@charlesholder4150 I hope so. I just know they have every incentive to hike them and no incentive to lower them later except maybe I'd get a loan with someone else.

Renting in Kali means the tenants own your property, but you keep the mortgage. I'd never rent in there

Very informative about Heloc.

Great episode. Enjoy watching you two.

Another great video!

Having bought WAAAAY to many RE classes ( although I do use all the info, as it applies, nothing wasted, just paid too much) I can honestly say Bigger Pockets is a FABULOUSLY, high quality resource at very low cost. Accurate, inspiring, supportive and has lasted a long time for obviously accurate reasons. Thank you Bigger Pockets. Blessings, ❤

Facing a financial crunch, especially as seniors, we're pondering the idea of cashing in on our home equity. The question is, should we invest the money, rent, or relocate?

@cvxcfv

3 ай бұрын

Depends on your situation as everyone's is different. Seek a seasoned pro for this advice, not KZread comments because no one knows your particular situation except you.

Thank you guys i love learning from you i listen to pandora podcast we currently own 2 rental properties paid in-full hopefully next time i comment i would have 5 or 6 thank you for the info

Love the Seeing Green episodes!!

Add blue or red locktite to that furniture.

Thank you for this, was wondering how the HELOC approach would work at this moment in time. Really appreciate this conversation.

@johnnyb33good21

8 ай бұрын

Same. I have almost $3 million in equity for my apartment buildings in the PHX, Metro of Arizona. I Don't want to cash-out refinance my low 2%, 4% and 5% interest rates. I'm looking at finding a lender that will do a HELOC on an investment rental property. Does anyone know of a lender who will do a HELOC on investment property? Thxs for the help!

@PrathimaN74

8 ай бұрын

Following

Great info

that is cool, I used to rent walking distance from that Boston house

Is their an episode on went to use a dual agent? The do and donts

Interesting content!

So the short answer of "Unless..." is?? Just curious

I love these podcasts! Super valuable information and the man chemistry seems so authentic and makes the information fun to absorb. Thank you!

Thank you for the great advice!

To JR Mathews the Boston investor. I would recommend speaking a private money investor to go in second position on some of your portfolio. It maybe a good way to get great working capital. Example 200k @12% 10 year amortization with a 5year balloon is like 3k a month. At the balloon point you’ll owe back about 115k.

get audible version of pillars of wealth!

I’ve been watching for a while and the more I watch the more I feel confused on how to move forward in this journey to start investing in real estate.

Gary said he inherited a senior condo... you can't Airbnb those

Beard is looking 🔥 heloc has helped me to double portfolio in last 5 years

Thank you for another episode!

What if I did a HELOC and did a cash out refi in like a year? I'm on the title but not the mortgage which has a low interest rate of 5%

I would recommend JR go for a DSCR loan and also try a short-term and mid-term rental for more income to save for your next acquisition.

U.S Bank is providing Fixed rate HELOC option. Anyone know about such? I am investigating. Note: I am not talking about home equity loan. I am talking about the line of credit HELOC and fixed rate

4yrs 300k equity..heard he still has pmi, request to get it removed put some more money in your pocket

Tim is about to become a father for the first time. Going forward, he really doesn't have the time he thinks to operate a STR or take on a fixer. He should seek a bigger primary home for his growing family and rent out his current home as a long-term rental. I'm assuming his HOA will not allow it to be anything but a long-term rental. To do anything more at this time, his wife may divorce him. 😂

I have almost $3 million in equity for my apartment buildings in the PHX, Metro of Arizona. And I do a 4-Plex that is my primary residence right now I Don't want to cash-out refinance my low 2%, 4% and 5% interest rates. I'm looking at finding a lender that will do a HELOC on an investment rental property. Does anyone know of a lender who will do a HELOC on investment property? Thxs for the help!

Your open-minded approach and your knack for analyzing things will be valuable in your real estate journey. Remember, there isn't a one-size-fits-all answer in real estate, and it involves some hands-on work. But whether you go for long-term or short-term rentals, taking that first step into real estate is a smart move for your family's financial future.

I haven't watched yet, but the timing is lol. I had a deal come across my plate on Friday that I would've loved to have taken advantage of, but I'm broke and had been considering a heloc or even a second mortgage on my personal residence to make it happen. Ultimately I decided against it, but it'll be interesting to see your take on the idea.

@PlatypusVomit

8 ай бұрын

Watched the intro, and yeah that's basically why I decided against it. I didn't want to be over leveraged on my personal residence.

@shondar.1086

8 ай бұрын

Great convo🎉

You are talking about a regular HELOC where this can be given from almost all banks and credit unions. But what about a First Lein HELOC which is not like the HELOC you guys was talking about? There are very few Banks that do a First Lein HELOC.

@betterhomesnc2437

8 ай бұрын

Just gotta ask around, I know a guy that uses them. Not sure who he uses though.

@FlyingSagittarius

8 ай бұрын

CMG Financial does First-Lien HELOC's. They call it an All in One loan.

@cliff7634

8 ай бұрын

​​@@FlyingSagittariusI will check but all in one loans are not first lien HELOC's.

I have a fix pnc heloc !! That i could lock lower rates for 200.00 bucks unlimited time. My question is should i use the Heloc to put the down payment or use te while heloc to pay cash and negotiate the bottom line price ? Thanks guys

@johnnyb33good21

8 ай бұрын

How long ago did you get your HELOC with PNC Bank? Is it on your primary residence or an investment?

Find a private lender that does interest only payments

Lose the low rate, take the cash to make more cash

Loctite + screwdriver = stable furniture 🪑

I have a heloc at 8.9% to use as a down payment for my Airbnb. The Airbnb is working great but I’m trying to refinance my heloc and get a lower interest. Is there anything out there lower than 8.9%?

@FlyingSagittarius

8 ай бұрын

A home equity loan might be worthwhile. Same thing as a HELOC, but with a fixed rate and term instead of revolving credit. Home equity loans typically have lower interest rates than HELOC'S, but the major benefit is that it doesn't have an adjustable interest rate.

@FreddyFermin

7 ай бұрын

8.9 is a blessing right now

Lolol eyelashes

Does anyone know of a HELOC company that goes up to $2M borrowing limit?

@ZedGirl

8 ай бұрын

Bank of America

I knew a guy from LA named Justin Case. Did the the Justin Case you know serve time in prison?

👀

What a good leader david just blame everyone else. He needs to move some pieces...... Stop treating people like they are expendable. I hate the way David looks at people especially contractors

@martatoth9206

8 ай бұрын

Be nice or go away!

@johnnyb33good21

8 ай бұрын

In business, when you build a system and have processes, you can plug and play your employees so when someone moves onto a new position or leaves, you can on board a new hire and plug them in to how you operate

@codebebop

8 ай бұрын

If you have grievances air it out the right way.

Not bad advice, I just really dislike all these super risk averse strategies. Take a calculated risk you’re willing to live with and reap the rewards, even if that is a lesson in what not to do.

You gay dude

⭐️⭐️⭐️⭐️⭐️ 🌟 Pillars of Wealth. 🌟 highly recommend. It is PRICELESS!! Love you both.