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12 January 2025 | 1 reply
Just make sure you do you research on Manufactured guide lines and requirements.
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21 January 2025 | 8 replies
These programs offer options for less money down and in some cases DPA - Down payment assistance.As a banker for over 18+ years I am very skeptical when I hear a new name in the business only because its become tougher to lend with all of the new laws and credit/insurance requirements and regulations.
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16 January 2025 | 7 replies
Maybe I’m wrong but I had to do that on our STR (Ring) and Wyze also requires close proximity on initial setup.
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4 February 2025 | 17 replies
The IRS requires this form if you, as the seller, receive $600 or more in interest during the year.Key Takeaways: You can deduct the interest you pay to your lender, but you must report the interest you receive from the buyer as income.
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20 January 2025 | 14 replies
Figure out market rents, deduct expenses to determine NOI, deduct cashflow you want, plug remainder into mortgage calc at current interest rate, then add lender's required down payment.That is how much you offer!
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13 January 2025 | 15 replies
I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.
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17 January 2025 | 22 replies
Finding these guys will require someone local or a lot of luck.
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22 January 2025 | 9 replies
Now, you can get some wholesalers but they usually don't know if the property will fit the requirements and regulations but you can learn that from the Realtor.
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14 January 2025 | 19 replies
I forget; it was payment processing related) that required me to have a website for the business.
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13 January 2025 | 5 replies
Real estate is NOT a passive investment and requires lots of analysis and education.