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18 February 2025 | 8 replies
I have around $100K in liquid capital and access to a $50K HELOC at 6% for the next 10 months before it transitions to a variable rate.I have a unique situation where I earn a living through sports betting, which limits my ability to show traditional income growth.
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11 February 2025 | 3 replies
All that said, depending on the size of your RMDs, liquidity needs, and total income, you may consider making deductible contributions to your own IRA ($7k limit, $8k if above 50).
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19 February 2025 | 10 replies
These folks do not need to be licensed but there are limits on what they can and can't do, and they have to be salaried employees of the owner or report to a licensed property manager.
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23 February 2025 | 9 replies
There is no reason to be overly critical.
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23 February 2025 | 8 replies
Although that’s not how I started.However to limit myself to learning only performing notes would be ignorant as performing notes can turn and become non performing.
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24 February 2025 | 1 reply
I'm in the process of finalizing my website (obviously this needs to be strong as it will be my landing site for other marketing initiatives.I do plan on keeping my 9-5, so I am looking to use Google PPC and Facebook retargeting ads to build the majority my pipeline, using nights and weekends for follow-up and some limited cold calling.
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17 February 2025 | 1 reply
Every lender has different criteria when it comes to seasoning periods, LTV limits, and DSCR requirements, so knowing those details upfront can help you structure your deals more effectively.Looking forward to seeing how your BRRRR journey unfolds.
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9 February 2025 | 15 replies
But if they are not already furnished, the answers above are consistent that having a good team on the ground (Realtor, PM, service providers, etc.) is critical.
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26 February 2025 | 1 reply
Make sure you’re working with a lender who has experience with 203(k) loans and a contractor who understands the program’s requirements.2.Loan Process Can Be Slow – Unlike a standard mortgage, the lender will be heavily involved in the renovation funds, which means more paperwork and potential delays.3.Strict Repair Guidelines – The work has to improve the home’s safety and livability, so luxury upgrades usually don’t qualify.4.Living Through Renovations – If you go with a Limited 203(k) (up to $35K in repairs), it’s usually manageable, but for a Standard 203(k), major work might require you to live elsewhere for a bit.It’s a solid strategy, just make sure you’re working with the right lender and contractor so things go smoothly.