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10 April 2023 | 23 replies
The common theme with these investors is that they get caught in the penny pinch trap.
8 November 2017 | 5 replies
@Jose TovarI would check around, we wanted to speed up our process and were in a slight pinch with our DTI for conventional lending due to our volume of loans and pitched a bank model of construction financing with a higher interest rate to some of our private lenders and hard money lenders and are currently working our first build with private money this way.
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2 August 2021 | 2 replies
You'll get discounts pretty fast when you send them enough business.I just did that on Friday and it cost me $600 to replace three pipe fittings for a washing machine and an outdoor faucet and to pinch some pipes off.My father said, like I personally stole it from his back pocket, "$600?!
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3 March 2017 | 28 replies
Ive met some people with LOADS of money that are older (>60) and some have told me they wish they enjoyed more time with family or little splurges when they were younger not just pinching every penny.
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30 January 2017 | 4 replies
He said if they die and a relative takes over the note they could possibly call it due and we could be stuck in a pinch.
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5 December 2016 | 6 replies
You're risking liability exposure if you don't address this promptly.Stop pinching pennies which could cost you $Thousands!
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11 May 2017 | 8 replies
In a pinch if an investor needed more cash than a refi would allow a quick sale of a rehabbed property may provide that.
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14 July 2018 | 17 replies
Rehabbing from afar is a recipe for disaster in my opinionWe sometimes still loose our A$$ to this day and our office is within a 5 min drive of most of our properties Just had someone "pinch" $32,000 from us not long agoFirst time we filed a report and a civil suitUsually we just "dismiss it" as the cost of doing businessThus far that cost has creeped into the high 6 figure range over the years lolJust my opinion off course
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23 March 2023 | 8 replies
If anything goes sideways like an unexpected large maintenance expense, unexpected vacancy, tenant stops paying, etc. you could find yourself in a pinch real quick.Agree with save up some money for reserves first, then for the down payment and look for your next deal.
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25 October 2022 | 12 replies
If your good at keeping rehab costs down maybe you can afford to pay a pinch over 70% of ARV , I see so many people get stuck on that and never pull a trigger.