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Raybyrnes
Participantfelix
If you can show a profit right now buying and renting that is exceptional but i would say that it is a half court shot for most people in this market.
I have a fiend who is a banrupcy attorney in NY who own a real estate brokerage who is turning a profit becasue he is buying up preforeclosers at steep discounts and haas worked with severl lenders which has helped him stream line the process. He is also capitalized through a group of investors and his brother is a general contractor.
That is a people and professionalism that is need to turn a profit on real estate. The average Joe just can’t do that so to suggest that there are opportunities to own and make a profit (there might be) but to a larger extent this is probably not the best place to put your money. Even I will readliy admit that and I am not nearly as bearish as many others on the board.
Participantfelix
If you can show a profit right now buying and renting that is exceptional but i would say that it is a half court shot for most people in this market.
I have a fiend who is a banrupcy attorney in NY who own a real estate brokerage who is turning a profit becasue he is buying up preforeclosers at steep discounts and haas worked with severl lenders which has helped him stream line the process. He is also capitalized through a group of investors and his brother is a general contractor.
That is a people and professionalism that is need to turn a profit on real estate. The average Joe just can’t do that so to suggest that there are opportunities to own and make a profit (there might be) but to a larger extent this is probably not the best place to put your money. Even I will readliy admit that and I am not nearly as bearish as many others on the board.
Participantfelix
If you can show a profit right now buying and renting that is exceptional but i would say that it is a half court shot for most people in this market.
I have a fiend who is a banrupcy attorney in NY who own a real estate brokerage who is turning a profit becasue he is buying up preforeclosers at steep discounts and haas worked with severl lenders which has helped him stream line the process. He is also capitalized through a group of investors and his brother is a general contractor.
That is a people and professionalism that is need to turn a profit on real estate. The average Joe just can’t do that so to suggest that there are opportunities to own and make a profit (there might be) but to a larger extent this is probably not the best place to put your money. Even I will readliy admit that and I am not nearly as bearish as many others on the board.
Participantfelix
If you can show a profit right now buying and renting that is exceptional but i would say that it is a half court shot for most people in this market.
I have a fiend who is a banrupcy attorney in NY who own a real estate brokerage who is turning a profit becasue he is buying up preforeclosers at steep discounts and haas worked with severl lenders which has helped him stream line the process. He is also capitalized through a group of investors and his brother is a general contractor.
That is a people and professionalism that is need to turn a profit on real estate. The average Joe just can’t do that so to suggest that there are opportunities to own and make a profit (there might be) but to a larger extent this is probably not the best place to put your money. Even I will readliy admit that and I am not nearly as bearish as many others on the board.
ParticipantIs full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?
ParticipantIs full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?
ParticipantIs full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?
ParticipantIs full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?
ParticipantIs full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?
ParticipantWhy would you not do this seeems like a no braoiner. If you know in advance that your income is stable enough and that you are going to over pay anyway why not chunk away at the higher rate loasn with the lower rate heloc. I might even say that you would be well served to look at the 0% credit cards as an option as well . The Harvard Card Offereed through Juniper bank provided me with a check for 10K with no fees that I used to pay off a car loan with. Worked out great. Not certain if they still ahve that promotion available.
ParticipantWhy would you not do this seeems like a no braoiner. If you know in advance that your income is stable enough and that you are going to over pay anyway why not chunk away at the higher rate loasn with the lower rate heloc. I might even say that you would be well served to look at the 0% credit cards as an option as well . The Harvard Card Offereed through Juniper bank provided me with a check for 10K with no fees that I used to pay off a car loan with. Worked out great. Not certain if they still ahve that promotion available.
ParticipantWhy would you not do this seeems like a no braoiner. If you know in advance that your income is stable enough and that you are going to over pay anyway why not chunk away at the higher rate loasn with the lower rate heloc. I might even say that you would be well served to look at the 0% credit cards as an option as well . The Harvard Card Offereed through Juniper bank provided me with a check for 10K with no fees that I used to pay off a car loan with. Worked out great. Not certain if they still ahve that promotion available.
ParticipantWhy would you not do this seeems like a no braoiner. If you know in advance that your income is stable enough and that you are going to over pay anyway why not chunk away at the higher rate loasn with the lower rate heloc. I might even say that you would be well served to look at the 0% credit cards as an option as well . The Harvard Card Offereed through Juniper bank provided me with a check for 10K with no fees that I used to pay off a car loan with. Worked out great. Not certain if they still ahve that promotion available.
ParticipantWhy would you not do this seeems like a no braoiner. If you know in advance that your income is stable enough and that you are going to over pay anyway why not chunk away at the higher rate loasn with the lower rate heloc. I might even say that you would be well served to look at the 0% credit cards as an option as well . The Harvard Card Offereed through Juniper bank provided me with a check for 10K with no fees that I used to pay off a car loan with. Worked out great. Not certain if they still ahve that promotion available.
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