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2 December 2024 | 7 replies
But an equity position is not recommended unless they own the dirt or bring some other kind of value.
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5 December 2024 | 18 replies
Any insight, positive or negative, would be immensely helpful.
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4 December 2024 | 32 replies
Rise up the ranks to a c suite position.
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1 December 2024 | 21 replies
But it’ll be harder to find properties that cash flow positively on day one with a 20% down payment in the best locations, which is what a lot of remote investors are after.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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2 December 2024 | 10 replies
Well there's a reason they screen their borrowers, secure their loans with a first position trust deed/mortgage and charge a small fortune to make such a loan.
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4 December 2024 | 25 replies
After 1yr we run a return on equity calculation, how much is our monthly cash flow divided by our equity position.
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2 December 2024 | 29 replies
But really it's about knowing the right furnishings, photos and listing description/headline to best position yourself.
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30 November 2024 | 3 replies
Also the tips on how to navigate banks and getting routed in the right department for this type of query.In a different post I saw another suggestion to engage any bank one is working with that has 1st position on the mortgages in the portfolio.