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2 February 2025 | 0 replies
No I drew up my own contracts and filed the paperwork myself
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11 February 2025 | 11 replies
To sell one of my investment properties, it is a single-family home that is valued at around $65k and no more than $70k, I have tenants who live in it for about three years and pay $950 a month in rent. the house is free and clear.
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20 February 2025 | 8 replies
Diandre,No idea what your leverage is on those seven rentals is or if they are all levered into one another but as much as you need cash you need time.
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29 January 2025 | 24 replies
Without insurance NO BANK will close.
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29 January 2025 | 12 replies
If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.
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30 January 2025 | 4 replies
Sadly, both of them escalated this conflict and started creating domestic disturbances so we had to move both of them out.Assuming the upstairs family is being reasonable, I suspect no matter what you do, the people downstairs will never be happy.
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30 January 2025 | 56 replies
I also have no problem doing some sweat work to build equity in the beginning as well.
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30 January 2025 | 10 replies
If you took DIY possession, was it legally allowed because the property was abandoned, or was it illegally obtained and doesn't mean anything when it comes time to file a quiet title lawsuit.If legally abandoned, that means the owner is gone, has no intention of coming back and no intention of ever doing anything with the property.
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29 January 2025 | 21 replies
The suburbs are each very different with some having no restrictions and some completely outlawing them.
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19 February 2025 | 20 replies
@Robert Brock, I guess my advice is not really any different than I would say to someone wanting to be a residential wholesaler: you need to add value to the transaction.Often times, having the deal tied up is the value, but more often then not, in my limited experience with commercial wholesalers and residential, the wholesaler has no idea what someone will actually pay, so they tie up a deal at too high a price and then add their fee that turns a bad investment into a horrible investment.