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9 February 2025 | 3 replies
Lower Start-Up CostsTraditional real estate investing requires 20%-25% down, making it difficult for many to scale quickly.
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15 January 2025 | 6 replies
I recently joined the forum and would like to quickly list my requirements without much ado.1.
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15 February 2025 | 11 replies
Only entertain this if you feel you can perform.A lease option will require a down payment, more than likely, followed by a balloon payment upon a payoff due date.
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30 January 2025 | 8 replies
If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved).
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7 February 2025 | 7 replies
Do not expect to keep them and be prepared to have to evict.If the jurisdiction this property is in requires anything in place in order to evict such as rental licenses, etc., get them in place before discussing an increase with the tenant because it's much easier to get inspections and repairs done when the tenant cooperates.
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29 January 2025 | 5 replies
Using a HELOC for the down payment on the second home might be an option, but lenders may require you to wait a few months post-closing on the multi-family before approving new loans.The BRRRR-style approach could work if you can renovate and refinance quickly, but make sure the timeline aligns with your lender’s requirements.
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12 January 2025 | 5 replies
I have some news for you, FHA does NOT require a 1 year work history!
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29 January 2025 | 31 replies
I work with several who go to 600 or don't require a FICO for commercial at all.
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21 January 2025 | 59 replies
This will require a GM.
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17 February 2025 | 5 replies
A partnership vs. disregarded LLC warrants consideration- you face different reporting requirements, limitations, etc.