I think visuals during the money snapshot would be nice. I always listen to the podcast on RUclips so I think it would be nice to see a pie chart or spreadsheet for the money snapshot. Doesn’t have to be a work of art 4:35
Love this episode, it’s always great to see how people are thinking and what can be done when they think more from the outside looking in as well to discover possible opportunities. Thanks Scott, Mindy, & Kayla 🫶
She's only considers the interest rate going down but not considering the price of the realstate on going down so she wont have the equaty to refinance hope she made a good decision....
Sounds like she listened too much to david green and went too hard on appreciation and didn’t focus enough on cashflow. Gotta have an appropriate balance between the 2 or else you get screwed one way or another. I think she should look at finding some cashflow real estate to hedge her appreciation plays and to fund some of her lifestyle. If she got 5 cash flowing properties maybe making 500 a month she would have 2500 extra every month which would I think as they said would free her financially.
Bringing a hard money lender is like being a slave to two bosses ….homes can’t keep going up as fast as they have it’s just unsustainable at some point and we should have learned that from 08-09 ….Clearly this is a “hope” strategy which isn’t a very good strategy ….However taking action is still better than having analysis paralysis Good luck on your journey!
She needs to get a Heloc and should use velocity bsnking to pay diwn the mortgage faster. Vanntastic Finances channel 😏 Plus she should get that third roommate.
If she has other properties, she could always sell a property when her private money loan comes due if she can’t refinance. She should buy another house and build a 100k in cash to get ready for her refi.
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I think visuals during the money snapshot would be nice. I always listen to the podcast on RUclips so I think it would be nice to see a pie chart or spreadsheet for the money snapshot. Doesn’t have to be a work of art 4:35
YES ^^^^^^^^
I never noticed Mindy and Scott look like they’re reading script. I’m a newbie here but enjoy the topics.
Utah isn't the midwest 😅
Love this episode, it’s always great to see how people are thinking and what can be done when they think more from the outside looking in as well to discover possible opportunities. Thanks Scott, Mindy, & Kayla 🫶
She's only considers the interest rate going down but not considering the price of the realstate on going down so she wont have the equaty to refinance hope she made a good decision....
This is true. Or if the housing prices go down se will be able to buy house at a lower price. But if houses go up she will need even more money.
Sounds like she listened too much to david green and went too hard on appreciation and didn’t focus enough on cashflow. Gotta have an appropriate balance between the 2 or else you get screwed one way or another. I think she should look at finding some cashflow real estate to hedge her appreciation plays and to fund some of her lifestyle. If she got 5 cash flowing properties maybe making 500 a month she would have 2500 extra every month which would I think as they said would free her financially.
Love all your videos ! Thank you
Bringing a hard money lender is like being a slave to two bosses ….homes can’t keep going up as fast as they have it’s just unsustainable at some point and we should have learned that from 08-09 ….Clearly this is a “hope” strategy which isn’t a very good strategy ….However taking action is still better than having analysis paralysis Good luck on your journey!
Ditch the townhouse
Uh-oh. Overpriced real estate is a definite risk here.
She needs to get a Heloc and should use velocity bsnking to pay diwn the mortgage faster. Vanntastic Finances channel 😏 Plus she should get that third roommate.
Whats velocity banking?
I think they said she had 15% in equity which would eliminate a heloc.
@@DarrellEssexdoubleteam sorry I missed that! But she could potentially apply for one in a couple years if the value goes up.
So in 5 years she loses the house and the equity. 🎉
She will just have to refinance. She won’t lose the house
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Sounded like she fomd in. Personally would have NEVER gotten that 5% investor decision.
If she has other properties, she could always sell a property when her private money loan comes due if she can’t refinance. She should buy another house and build a 100k in cash to get ready for her refi.
Nothing guarantees she is going to be able to sell or have any positive equity to sell or at least pay the fees.
Mindy...you talk too much and your suggestions are sub par.
If you have nothing nice to say, it’s best to say nothing at all !
It her show. Maybe go somewhere else.
Cannot agree more