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17 February 2020 | 0 replies
As a beginner I think I’ve inundated myself with so many routes to begin researching wholesaling, tax deeds, FSBOs, and other deals to try and find the best deal, and I’m still where I started.
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19 February 2020 | 1 reply
Since I am pretty active on the forums trying to help people, my email is now inundated with these alerts.
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3 March 2020 | 5 replies
If it's just paint, carpet, and some sprucing up it should be on the market in under a month.
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8 April 2020 | 2 replies
Should I look to get into a deal sooner and go with a SFH or should I wait and look for a good MFH deal- taking into consideration the developing financial environment. 3) I planned on using my VA Loan towards a quadplex and I think I could justify this in Tampa as that is where I will be moving in under a year and I would likely rent 3 while holding the other as legitimately my home with internet and utilities set up for when I am in the states on business.
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7 April 2020 | 3 replies
I believe I could achieve rehabbing a property in under 6 months, but if something happens to where I can't, I would hate to be stuck in a hard money loan.Another way I would like to finance a property would be a conventional loan that covers rehab as well.
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8 April 2020 | 1 reply
Have 6 months living expenses saved up so when you get licensed you have time to close a few sales to get going.New agents often think all this business will just fall in their laps and they will have a closing in under 2 months.
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13 April 2020 | 11 replies
There are lots of formulas investors use to determine their MAO(maximum allowable offer), but most commonly they will want to be all in under 75% ARV.
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22 April 2020 | 10 replies
If I see that just about everything has leased out in under 30 days, and my house is is very nice condition, and my rent will be set at a competitive rate, I know I won't have much issue renting it out.CapEx/Maint: If you're buying a house and completely rehabbing it, you know you can use lower estimates.
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13 April 2020 | 3 replies
Typical construction loans and HML are 12-18 months, interest only.That being said, the costs and fees of getting this financing and then refinancing in under a year are likely going to be almost as much as the $10k needed to complete construction anyways.
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13 April 2020 | 4 replies
So far everyone is moving very slow, we need to get this deal closed in under 3 months.