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18 September 2024 | 7 replies
If it’s a DSCR loan, the title company will pull get the chain of title from the subject property, not your primary residence.
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18 September 2024 | 15 replies
My DSCR experience is with pulling out equity after we've bought properties for cash and leased them.
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18 September 2024 | 3 replies
This would allow you to pull out some of that equity in the form of cash to use as a down payment for another property.
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20 September 2024 | 39 replies
The walls can't be cracking and 1990's beige when you installed brand new hardwoods throughout.And, while new cabinets and counters and appliances are nice, if they are not well laid out, or you jam an island into a space that does not allow for stools to be pushed out, or the oven door to open because it hits a cabinet pull, that new kitchen is meaningless.
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16 September 2024 | 2 replies
You would pull off the sheetrock, pull the insulation, dry everything out, treat the studs with a mold killer, then put it all back together.
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16 September 2024 | 4 replies
I bought my first investment property that is currently cash flowing well I have talked to my bank and they said I can pull $100,000 of equity out on the house.
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17 September 2024 | 2 replies
That severely limited the number of lenders I could go to, so I ended up finding a loan product (that costs a premium, albeit) thru Velocity Capital Mortgage that allows fully-amortizing or IO payments (for first 10 years) which will help me build cash flow and accrue title seasoning while I find the right time to pull the trigger on a fully-amortizing DSCR product Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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17 September 2024 | 6 replies
The county assessor has it as $502 but says that is a placeholder for all land values in the Pima County area.Our next option is to find a RE professional who can perform a limited scope land appraisal by pulling land comps from the area.
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16 September 2024 | 4 replies
Because as you stated if you hadn’t done the refinance you would have had to put down the entire $660k so it looks like you’re trying to pull cash out tax free.
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17 September 2024 | 14 replies
Why even bother getting into RE if you're pulling down $6mm a year?