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13 January 2025 | 11 replies
I know I already mentioned this, but @Mordy Chaimovitz...If you can get by with lower cash flow and invest for the long-term generational wealth (aka appreciation) in nice neighborhoods, that is the way to go, but it's tough to get by at times -- at least it is for me.Just know everyone's situation is different, and you should do what is best for your specific circumstances!
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31 January 2025 | 7 replies
This would be an easy decision however I do not think you can come close even with you being active in the process.
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17 January 2025 | 22 replies
.- not sure of your home market but i assume you are choosing ohio for its lower cost.
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20 January 2025 | 57 replies
I do not know of a way to go back and put a wrap mortgage in place post closing.
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27 January 2025 | 6 replies
Add $500k, capitalized improvements made over your 10 years of ownership and closing costs.3.
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11 January 2025 | 2 replies
They are often located in desirable neighborhoods and are close to good schools.
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27 January 2025 | 4 replies
Thank you Hi Eliane, I am in Baltimore and been an active investor since 2004, doing close to 20 BRRRR a year,and I am an agent, let me know if you have any questions.
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24 January 2025 | 0 replies
Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.
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22 January 2025 | 4 replies
Lots of loan options can close in an LLC, helocs usually need to close in your personal name.
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23 January 2025 | 5 replies
That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.