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5 July 2024 | 6 replies
@Renee JonesSounds like you need hard moneyA hard money lender could fund this but recognize they won’t pay a contractor upfront they will only pay when portions of the work are completed.
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5 July 2024 | 2 replies
Wanted to check here first before speaking with my attorney..I have a portion of my portfolio to sell and would like to provide financing. - held currently in a single LLC Would I be able to sell 3 properties with financing per year and at some point be holding +12 mortgages ?
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6 July 2024 | 7 replies
Cap Ex was relatively high last year due to a water line leak wiped out a good portion of the profits the Cap Ex that year was around 48%of rent since rent was lower.
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5 July 2024 | 12 replies
If they cannot afford their portion of the rent, they cannot qualify.
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4 July 2024 | 7 replies
The issue is that none of the expenses for the portion you live in are deductible on Schedule E.
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5 July 2024 | 19 replies
You would of course not deplete all of your cash reserves on the down payment in order to service the monthly debt payment and carrying costs, but this should give you an idea of what you can accomplish now if the time is right.Many hard money products offer 100% funding for rehab costs so you would not need to save for this portion of the BRRRR project.
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4 July 2024 | 1 reply
That means a column on a spreadsheet for each property (tax number) and a comprehensive list of items on the row side of the spreadsheet.I want to look at what my exit strategy is for each building.I want to know why he is offering seller financing and of course if it's a fair price, has title reports and is done through escrow.I don't need a real estate agent, but I would have inspections done to look for something I night miss.I want to know if buying the lot and selling off a portion makes sense.
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5 July 2024 | 19 replies
It wasn't a good experience for them, I offered a portion of their money back due to the inconvience and turned off the feature.
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4 July 2024 | 7 replies
I would say just make sure you have the income to be able to reliably pay your portion of the mortgage, be very conservative with your underwriting, and keep a few months in reserves.
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10 July 2024 | 256 replies
We would like to retire one day, but spent a good portion of our investment dollars with him and his fellow criminals that we have never had hope of seeing again.