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6 January 2025 | 31 replies
Long-term wealth is it's superpower, and yes, you have a little cash flow to keep the lights on.
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6 January 2025 | 5 replies
DSCR or Fannie/Freddie loans can go up to 75% on single family homes, multi family homes (2-4 unit) max at 70% if you stick with Fannie/Freddie.Other things to consider would be:Paying points for a lower rate vs higher rate with no pointsIf going DSCR - Prepayment penalty term (0-5 years)The lower the loan size ($200-250k and lower), you should consider paying up to 2 points and doing a 5 year prepayment penalty if going DSCR.
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6 January 2025 | 7 replies
. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620.
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8 January 2025 | 14 replies
Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.
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28 January 2025 | 27 replies
It may work in the long term but can be a painful process.i wish the OP the best and i believe he can benefit by recognizing the value in the various responses but seems unwilling.
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4 January 2025 | 2 replies
Real estate is not the stock market and it's called buy & hold and not buy & sell for a reason.I did sell a few properties about 10 years ago when I learned the hard way that going into cheaper neighborhoods was not the right strategy for me, so that was basically a strategy correction and it was necessary, but also costly both in terms of dollars and time.
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3 January 2025 | 1 reply
And also being next to a base Im thinking about short term renting, or Air BNB How did you finance this deal?
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30 December 2024 | 3 replies
Since you’re planning a mix of long-term and short-term rentals, keeping detailed records and setting up a solid system for managing finances early on will be key.
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9 January 2025 | 13 replies
Go to Meetup.com and type "real estate" or "Apartment Investing" or other search terms for your area.
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3 January 2025 | 1 reply
A landlord looks a t how much the property will make long term.A flipper looks at how much in a short term .