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10 April 2024 | 5 replies
If you start putting another 10-20% into your property your total returns start getting lower.What i found is the gains of higher equity paydown were positive up to about 5% of purchase price, we’re about equal between 5 and 10 percent and lowered return on equity after 10%.
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9 April 2024 | 1 reply
We expect you to be equally committed and, to that end, ask that you bring some money to the closing table.
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9 April 2024 | 3 replies
I have charged a non refundable deposit equal to monthly rent to hold a property for a few months.
10 April 2024 | 16 replies
I gravitated towards markets where I can purchase for less than or equal to 100k per key, as that’s my approximate budget.
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9 April 2024 | 13 replies
But after speaking with an agent in NC, I'm equally as sold on options in the Durham/Raleigh area.
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9 April 2024 | 11 replies
It's far harder to qualify for conventional loans if you're a business owner or self-employed and that equals opportunity.When I look at doing a potential owner finance deal the most important thing for me is skin in the game.
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9 April 2024 | 13 replies
First of all, I'd think they would just take the property back so long as the value was equal to or greater than the loan amount..
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9 April 2024 | 5 replies
question.It's called the 1% rule.In essence monthly rents should be equal to 1% of the total purchase price of the property.So...If you buy a property for $250K then the monthly rent should be $2.5K quick and simple right?
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8 April 2024 | 4 replies
My other thought is that it may just make sense to buy the property so that my monthly burden is equal to or less than it would be if I rented in the area, because at least I am paying towards my own equity.
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8 April 2024 | 4 replies
Here's the advise that I can tell you:Not all Section 8 tenants are created equal.