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19 August 2024 | 42 replies
@Mike HernI bet you can go to your local grocery store and also find these types of deals like you can your favorite cereal.
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19 August 2024 | 244 replies
My favorite is when you answer with the smartest advice for them and they say, "I asked you how to succeed, not how I am not going to."
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20 August 2024 | 50 replies
(e) When any debtor or mortgagor conveys his interest in property subject to a mortgage prior to sale wherein they are released from liability for the debt, his right of redemption under this article is terminated.
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17 August 2024 | 13 replies
this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).
16 August 2024 | 3 replies
Have good credit, 2 previous lenders who will vouch for me and can buy but trying to avoid tax hit for selling liquid assets.
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19 August 2024 | 46 replies
For Flips:at least 50% of liquid cash for unexpected expenses or cost overruns of the property’s rehab budget additional to downpayment financing, closing costs and improvement funds.Too often you hear investors blaming the realtor for their poor decisions.
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16 August 2024 | 2 replies
Thanks Ned these are some great pointsEssentially by creating “terms”, you e can try to manipulate the payments so that they cover the expenses
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16 August 2024 | 6 replies
@Heather SzucsI host a monthly meetup, as many have suggested networking is a great way to get started.Zeppelin stationThursday Aug 29th6-8pmJoin me at Real Estate Meetup | Short Term Rentals | House Hacking | Investment Properties https://meetu.ps/e/NnWvj/Q4Gbf/i
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16 August 2024 | 4 replies
Older homes are harder projects. 4) Make up your lack of experience with other strong compensating factors like good credit, liquidity, and a solid game plan.
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15 August 2024 | 29 replies
Money out, money in, no liquidation needed to get cash.