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21 June 2024 | 11 replies
That combined with the call you received informing you that he moved out is good cause to believe the unit has been abandoned.
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18 June 2024 | 14 replies
Before I answer this question, I think it is important to make sure you know what want and can afford.For me, I wanted a property that was pretty much turn key and required minimal updates (painting or adding washer-dryer) as a buy and hold investment.
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20 June 2024 | 7 replies
Such a fantastic book, FHA financing is a highly effective house hack and can be combined with a sellers concession or up to 3% with 3.5% down to reduce or completely cover closing costs.
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19 June 2024 | 17 replies
I focus on buy & hold renovation combined with STR house hacks.
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22 June 2024 | 129 replies
The combination of lower occupancy and continuously increasing regime fees (insurance was a big factor) forced them to sell.
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20 June 2024 | 27 replies
@Tip MallickNevada is a landlord friendly state and with some of the lowest property taxes combined with strong job growth from companies leaving California.
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19 June 2024 | 0 replies
Have a hospitality background after starting and owning my own restaurant and this combines my desire for real estate wealth with my background.
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19 June 2024 | 3 replies
Depending on the article, there is between $26B and $30B under construction, and the last job fair had over 20,000 open jobs.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.
19 June 2024 | 6 replies
I do have a Commercial Fix and Flip Program that will provide cash for the acquisition and to Rehab the property.Once it's stabilize we can secure Permanent Financing and take out the bridge loan.Multifamily has, by far, the most interest in CRE Financing world, if it's a good enough deal we can get you the financing but I refuse to make bogus promises about what is and is not possible.If you DO NOT have the cash to put down on the property there a few creative financing avenues which may be possible if you have a motivated seller that is willing to work with you on terms.The 68% occupied property would be most fit for creative financing because there is clearly something going on there with the current owner.You can look at a master lease with an option to buy or doing a wrap combined with a seller second... the only thing is that the seller is highly unlikely to accept those scenarios.Now... there is one "highly unlikely to happen" scenario where you could technically get 100% financing but, again, the seller would have to be out of his mind to say yes.It entails a Hard Money FIRST MORTGAGE of less than 50% of the "Quick Sale" value as determine by a BPO... this would serve as your down payment.