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25 October 2024 | 12 replies
Goal is to create long sustaining growth and cash flow that I could eventually sell or use to eventually secure a retirement home and place of my choice!
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23 October 2024 | 2 replies
In addition, I do want to get some type of temporary security camera for the property while doing some minor rehab fixes, Are there any suggestions for temporary security cameras?
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17 October 2024 | 12 replies
Here in Nevada, these shenanigans would cost the landlord twice the security deposit in small claims court.
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23 October 2024 | 8 replies
I have a 9-5 that I want out of but want to secure at least my first property prior to leaving it.
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23 October 2024 | 11 replies
Alternatively, you could take a loan against your 401k for that initial amount.Once you’ve secured the property and paid the 5%, you can then work with a private money lender (PML) to close on the property once the deed is ready.
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29 October 2024 | 16 replies
@Lance Turner Approach the seller by emphasizing the benefits of seller financing: it could help sell the property faster, provide a steady income stream, offer tax benefits by deferring capital gains, and give them security since they’ll hold the title until fully repaid.
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24 October 2024 | 3 replies
Given that the house is paid off but has $27K in back taxes, you could offer to cover those taxes upfront in exchange for favorable terms on the remaining balance—like low (or no) down payment, and small monthly payments.You could also negotiate for a subject-to deal where you take over the property subject to the taxes, while still securing control of the property for your BRRRR strategy.
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23 October 2024 | 7 replies
Another option may be to secure the loan using primary residence as collateral.
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24 October 2024 | 15 replies
I'll pass.Very rookie question for you, @Patrick Roberts and everyone else here: I thought that post-Dodd-Frank, the barrier for mortgage lender accreditation/licensing was essentially raised to a point that HML’s and private lenders were effectively iced out of securing loans with a mortgage or DOT.
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23 October 2024 | 18 replies
You need a securities license to sell securities.