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26 October 2024 | 10 replies
To your point, yes the larger check writers want more of the upside, control and will also do a more thorough look at the sponsor to understand where the GP equity is coming from, who is guaranteeing the debt etc. etc.
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23 October 2024 | 22 replies
Eliminate debt, establish a budget, and save.
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22 October 2024 | 7 replies
Make sure you have funds set aside for an emergency, if you have personal debt, try to eliminate as much as possible, understand what your personal balance sheet looks like in regards to monthly cash flow and net worth.Investing in real estate is investing in a business, and you need to have a good understanding of your financial picture before you begin to buy a business.I would then focus on what niche you want to start with.
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22 October 2024 | 3 replies
I'd look for a cash out refi that includes escrowing the tax/ins as that will probably eliminate the issue.
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21 October 2024 | 6 replies
It's an awesome opportunity both ways to eliminate tax on real estate gain.
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29 October 2024 | 131 replies
Brokers have a pool of investors and can also close within 2-3 weeks; the closing isn’t always relative to when the investor can close, it also depends on title issues and if there are multiple liens that have to be negotiated, hence the reason “Short Sales” are better options when a seller has more debt against the home verse it value. 3.
23 October 2024 | 2 replies
They generally charge 1% for debt introductions and 3% (although I’ve seen up to 5%) for equity.
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25 October 2024 | 2 replies
Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.Once you choose an investment city that meets all the above requirements, select a tenant segment with the right income behaviors.
21 October 2024 | 1 reply
However, the amount differs depending on the property type and lender.A minimum debt-to-income ratio of 45%: Real estate investors typically cannot allow their monthly debt to exceed 45% of their gross monthly income.In addition to the initial cost of the down payment, remember that it can affect your ongoing costs.