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15 May 2024 | 1 reply
Funny part is they did this during covid and there's a law stating 4 to 6 years statue of limitations but the judge in Harris County has ruled in favor of Yellowfin.
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16 May 2024 | 10 replies
I don't know of any law that would be in your favor.
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16 May 2024 | 10 replies
If you have a friend with a real estate license that may be willing to do you a favor, you could ask them for property information that is listed on the MLS which may contain additional information.
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15 May 2024 | 7 replies
The numbers all work in my favor since this will turn into a fixed cost rather than a % of gross rents.
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15 May 2024 | 23 replies
In high-cost areas like California or New York, the rent-to-value ratios often make buying a primary residence less attractive compared to investing out-of-state where the economic and political climate may be more favorable for landlords.
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16 May 2024 | 8 replies
You will build experience, you will have a property that builds wealth, and you will be ahead of the curve when the market turns favorable again.
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16 May 2024 | 14 replies
Lenders typically prefer to offer loans when the property is cash-flowing; if the DSCR is under 1, it might still be possible to get a loan, but expect less favorable terms.Understanding these elements will help you better prepare for securing a DSCR loan, allowing you to leverage your rental properties effectively for further real estate investments.
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15 May 2024 | 8 replies
On the other hand, Option 2 with the BRRRR strategy entails owning a single property outright, building long-term equity, and potentially cashing out through renovations, but it's a slower ride, relying on successful renovations and favorable refinancing options, and you're starting with just one property, which may limit your income potential.
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16 May 2024 | 13 replies
It's hard to find both, and the current market favors appreciation.
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15 May 2024 | 14 replies
IMO, it is easier if the gap lender is private money because you can negotiate more favorable terms.