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17 February 2025 | 11 replies
We have found that slightly higher end properties and ones that align with our likes attract tenants that we can relate to. - Once we like the property we run the numbers on rents.
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17 February 2025 | 9 replies
With that much equity, you should compare rates with a conventional loan (no PMI but potentially higher interest rate) to see if the difference in rate would make sense vs the G-fee.
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13 February 2025 | 1 reply
Since you estimate a resale value of $200-215K and renovation costs of $60-70K (although you said that's on the higher end), your margin is tight, especially considering closing costs, realtor fees, and unexpected expenses.
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4 February 2025 | 2 replies
In fact, I would want to go even lower because there's a very good chance some damage is hidden and costs will run higher than anticipated.If you aren't experienced, I recommend you just buy the good apple.
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1 February 2025 | 7 replies
Likely will reduce to whatever market rent is on 1007 report, if the Section 8 income is higher than market.
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9 February 2025 | 2 replies
When it comes to getting loans, which is pretty important for real estate investors, simple "mistakes" can make it so that you either don't qualify or you may qualify but with a higher interest rate or higher loan fees.
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17 February 2025 | 2 replies
STRs and MTRs have higher cash flow than LTRs but they require more work.
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7 February 2025 | 41 replies
Just stay out of the higher crime areas of Memphis.
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3 February 2025 | 6 replies
Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck!
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15 February 2025 | 15 replies
On a very simplified level, the more lenders are confident in the economy, the higher the LTV.