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14 November 2024 | 13 replies
Not every lender can write mortgages in a way that support our transactions.
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12 November 2024 | 11 replies
The same is true of seller financed transactions.
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15 November 2024 | 15 replies
This is more common that you might think.They do not take into consideration the costs borne by the investor associated with the transaction such as: closing costs, carrying costs, finance costs, exit costs, etc.They are trying to hit a homerun on every deal and not leaving enough "meat on the bone" for the next person.
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14 November 2024 | 11 replies
Lastly, plopping down 5% points for a marginal savings on a monthly payment might not be the most effective use of those funds, maybe being able to buy the next a bit quicker would generate a higher return for the cash.and no, I do not believe we will see rates below 5%, and the fed has never had any control over mortgage rates with the fed funds rate as that is the shortest possible rate overnight borrowing between banks.
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7 November 2024 | 8 replies
I have seen to many beginners do the sub to no equity transactions only to end up in a mess of trouble.. they rent the house out tenant does not pay and after a few months the investor runs out of cash to make the payments then it goes downhill from there.
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11 November 2024 | 10 replies
If you ever need insights on managing properties effectively, tenant placement, or maximizing your cash flow, feel free to reach out.I’d love to connect and explore ways we can collaborate or assist each other.
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11 November 2024 | 4 replies
Leverage the upcoming meetup to find others that have done what you're looking to do as well as a lender that can give you a personalized playbook to achieve your goals in most effective manner.
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10 November 2024 | 1 reply
Wynd detectors are usually good for air quality, their effectiveness specifically for detecting marijuana smoke can vary, as they aren’t designed solely for this purpose.
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19 November 2024 | 24 replies
I would add:Over-leverage: seeing people get owner finance and someone to toss them a total of 100% financing plus the costs of renovation sometimes crushes them even if they come in on budget and have the right ARV as they miscalculate the time it takes to sell as well as forget about all the other costs involved in a real estate transaction.
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12 November 2024 | 171 replies
Too much cash chasing too few deals is having an effect.