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29 October 2019 | 7 replies
You received good advice from @Greg Dickerson and @Danny Randazzo to unlock the equity in your two properties.The best way to get that next 4-unit is to house-hack it and get an FHA loan for 3.5% down.
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22 October 2019 | 6 replies
Possibly, but it's very hard to guarantee, especially in the tight timeframe of a 45-day exchange window.If it were me, I'd wait for a while, but I might refinance to unlock some of that equity and help get another rental in the same price range (the 3rd and 4th Rs in BRRRR).
1 January 2020 | 3 replies
Not sure if one should lock all vacant doors and unlock once leased but this would prevent the hands off management approach as I seek.
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5 February 2020 | 13 replies
For example, Jan - A1, A2 - purchased these two houses the first monthFeb - B1, B2 - purchased / A1, A2 rehabMar - C1, C2 - purchased / B1, B2 rehab / A1, A2 ready to rentApr - D1, D2 - purchased / C1, C1 rehab / B1, B2 in rehab / A1, A2 rentedMay - E1, E2 - purchased / D1, D2 rehab / C1, C2 in rehab / B1, B2 rented / A1, A2 refi done, "seasoning lockup / countdown" beginsJun - F1, F2 - purchased / E1, E2 rehab / D1, D2 in rehab / C1, C2 rented / B1, B2 refi done / A1, A2 cash flow, wait for countdown to expireJul ===> ad infinitum ... repeat, using the "unlocked" money from prior generations to fund future deals.Then again, I could be totally misunderstanding what he said. :) lol
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6 December 2019 | 2 replies
Started with savings (we'd been saving like mad for a few years), figured out how to unlock my retirement dollars, mostly BRRRR with a little turnkey and flipping in there.
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7 December 2019 | 9 replies
Give legal notice then knock before you unlock the door.
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13 December 2019 | 5 replies
Benefits of using bridge loansunlocks buyers: unlocks buyers who may not have the funding on their ownpurchasing power: provides liquidity to those whose money is tied up in equityspeed: eliminates sale contingencysecurity: eliminates the fear of not knowing where your client may live if they don't sell their current home fast enoughcontrol: allows the client to sell on their own terms, while they're comfortable in their new home (for up to 6 months)I'm asking my realtor right now of what if I'm not selling my house in that 6 months time frame?
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9 December 2019 | 10 replies
Will usually come with a lower purchase price and will allow you to unlock equity you can use should you wish to scale faster.3) Echoing above advice, I think BRRRR is a great strategy and multi-family properties provide a perfect place to employ it.
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27 December 2019 | 6 replies
You do a cash out refi on your home and now you’ve unlocked 300-400k to park in an investment property, or multiple deals.
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18 December 2019 | 36 replies
She understands how to use credit cards and the doors she can unlock is unlimited.