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21 December 2024 | 10 replies
Secondly all DSCR should allow you to close in the LLC without a rate hit.If you are going to take out any cash through a refinance in less than 1-2 years be careful of how many years they try and hit you with the Pre-Payment penalty.
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19 December 2024 | 14 replies
A DSCR Cashout refi would get you the cash you want but you will pay points, have a 1-5 year pre-payment penalty, etc.
15 December 2024 | 5 replies
Therefore, I prioritize pre-screening applicants to ensure they meet the qualifications before arranging a showing.
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17 December 2024 | 42 replies
If you catch these at the pre-foreclosure stage as slow pays or initially in default all the better as the bank has less in collection expense.You can still work out a discount but even buying at the payoff it can be profitable depending on the property value.You can practically force a lender to sell as it can fully indemnify them as a full payoff as demanded, continuing with a foreclosure becomes a rather vengeful act by the bank to punish a borrower, they don't want to go there.
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23 December 2024 | 12 replies
But the only strategic thing about them is that you need to keep good records and hire a tax professional who knows how to maximize the tax savings from things you already paid for.
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20 December 2024 | 2 replies
Buyer-paid real estate agent commission (Yes, I recommend buyers have their own buyer's agents.
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2 January 2025 | 30 replies
Pm paid for it because they would incur additional cost disputing it and may never collect from the OTA.
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21 December 2024 | 1 reply
I see you invested a serious amount of sweat equity (and real cash) into turning it into something practically new from the inside out, and it looks like it paid off in a big way.
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5 January 2025 | 12 replies
I went through something similar when I moved for work; I rented for a bit while figuring out the market and ended up investing in a rental property that really paid off.
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18 December 2024 | 23 replies
Paid off my primary when it got down to 90K.... not a ton of loan left, so I just paid it off, but still had plenty of $$ to invest in other things...it didnt tap me dry to do it.Exactly.