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11 December 2024 | 8 replies
The loans are fixed rate programs, and the additional renovation financing is included into the one loan.
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17 December 2024 | 14 replies
Second - a DSCR 30 year fixed perm loan to refi the hard money loan and hold onto long term.What others have replied to is completely accurate - it is hard to accomplish BRRRRs right now due to the DSCR refi constraints (interest rates, LTVs and seasoning periods), however, not impossible.
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10 December 2024 | 5 replies
As mentioned seller credits are the best path as title insurance and taxes are pretty much fixed.
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10 December 2024 | 0 replies
Investment Info:Single-family residence fix & flip investment.
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11 December 2024 | 8 replies
They often offer coaching programs that can guide you through the fix-and-flip process, including how to properly assess properties during walkthroughs.
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10 December 2024 | 0 replies
Purchase price: $25,500 Cash invested: $10,000 Sale price: $69,900Quick Fix & Flip.Property was completely deserted & the family was indecisive about their plans for the home after a recent passing.
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12 December 2024 | 2 replies
I would expect however to have bug fixes and maintenance for the system.
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10 December 2024 | 0 replies
Traditional lender financing with 30-year fixed loan and 25% downpayment.
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12 December 2024 | 37 replies
Rates will be a little higher (5%/6% range) but the cool thing is that you can often find these on 30 year fixed terms unlike the short term balloons the local bank would offer.
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10 December 2024 | 6 replies
Hi @Tim Holt I think in general house hacking is usually a good move because it gets you off the sidelines and into the game with the most favorable financing possible (30 year fixed).There's a lot of value in getting started today vs waiting some undefined number of years until conditions are better, which could be a long time from now, because real estate is a business and the sooner you start actually learning about that business, the better.With all that said, I always recommend that people analyze any potential house hack as a pure investment that they aren't going to live in, because someday they may want to move out and you should know up front (before you commit) whether you're going to be able to do that, or whether you're overpaying and will be stuck in the property unable to move out because it'll be cash flow negative if you do.So you had it exactly right when you wrote, "the property would need to cash flow when I move out and rent out all units."