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12 June 2024 | 10 replies
The home loan was based on your combined borrowing power.
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12 June 2024 | 15 replies
You want to make sure that it's paying itself down not just maintaining the HELOC.Some combination of that and cash should be pretty favorable for you!
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12 June 2024 | 27 replies
They fail more than non GFIs and when one triggers I want to identify it as easy as possible without needing to check additional GFIs (ones that are unnecessary if the circuits were mapped).If you only wanted the portable dish washer and were fine with existing outlets, you could swap outlet dishwasher was plugged into with a GFI in less than 30 minutes.
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12 June 2024 | 7 replies
Combined rents on the property net roughly $4200/mo after expenses (PM, taxes, ins., etc.)
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12 June 2024 | 9 replies
Or any combination of these.
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11 June 2024 | 5 replies
If your credit is strong you may be able to access an equity line for up to 95% combined loan to value.
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9 June 2024 | 50 replies
Redid the deck railings, refinished the deck surface, repaired various small things and did some exterior paint work.The new washer and dryer were depreciated as was the dishwasher.
12 June 2024 | 3 replies
These loans are structured with a combination of a first mortgage from a conventional lender (typically covering 50% of the project costs), a second mortgage from a Certified Development Company (CDC) backed by the SBA (covering 40% of the costs), and a down payment from the borrower (typically 10%).Bridge Loans: Bridge loans are short-term financing solutions used to "bridge" the gap between the purchase of a new property and the sale of an existing property or the availability of permanent financing.
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11 June 2024 | 16 replies
as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.
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10 June 2024 | 40 replies
A roof, furnace, stove, washer/dryer etc..