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22 January 2025 | 14 replies
I have a hard money lender established to cover 80% of the purchase and 100% of the rehab, so my capital partners would be covering:20% of the purchase priceRange of $30,000-$50,000 cost of capital25% of the renovation budget (to kickstart the project while waiting for reimbursements)$25,000 contingency padAny tips would be great, and if you happen to be interested yourself I can send you more details.
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13 January 2025 | 2 replies
For details: One example property is a SFH, south west of Little Rock (close to 430 and 30 intersection), price is 230.
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15 January 2025 | 8 replies
Start by serving proper notice of the management change and request payment details.
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16 January 2025 | 12 replies
Can I personally take that extra finance money tax free into my own name or personal bank account to do with what I please, or does the refinance money have to stay in that Llc company and I cant use it personally.
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13 January 2025 | 11 replies
I'm currently in the process of gathering more details from my property manager.
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12 January 2025 | 3 replies
McKinney is thriving, but so are other parts of North Texas, and a broader perspective could reveal other great opportunities.Here’s what I’ve observed managing a significant number of rentals in the area:Bedrooms and Layouts:3-bed, 2-bath homes consistently attract the largest pool of tenants and have the highest occupancy rates.4-bedroom homes have grown in demand, especially with the rise of remote work, as tenants look for extra space to use as a home office.Square footage is less critical than number of beds and baths.Supply and Demand:McKinney’s growth is driving demand, but the quality of the location matters greatly.
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13 January 2025 | 1 reply
Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.
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9 January 2025 | 9 replies
100% financing, no payments, financing in extra "cash out" money upfront so you can do a rate/term refi once you pay them off...
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15 January 2025 | 5 replies
I don’t know the specific details of your situation, but there are other considerations and options as well.