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26 November 2024 | 2 replies
This typically means lower down payments and better interest rates compared to traditional investment loans.
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25 November 2024 | 7 replies
They typically do a soft pull close to the closing date to ensure there are no new debts or significant changes in your credit profile.
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19 November 2024 | 7 replies
The closest I've come to your situation is similar to one in which a tenant wanted to cut the grass, for which he wanted to get a reduction in his rent.
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25 November 2024 | 13 replies
Since the BRRRR strategy relies on recycling your capital, it’s typically better to stick to the minimum needed for favorable loan terms.Also, consider leaving a cushion in your HELOC or reserves for unexpected rehab costs or delays.
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19 November 2024 | 12 replies
I also use the outdoor cameras to make sure that the grass is being mowed and the trash is being picked up.
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1 December 2024 | 377 replies
Using a Heloc utilizes the equity that is sitting dormant, it provides tax relief (once again check with your tax professional) as it is interest income, you can typically get a reasonable rate andlastly there is no out of pocket money.
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27 November 2024 | 11 replies
This fee is typically a percentage of the remaining balance and can vary based on the loan agreement.2.
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25 November 2024 | 0 replies
A six-month supply is typically considered a balanced market.
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19 November 2024 | 21 replies
Just make sure the grass doesn't just look greener before jumping.
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23 November 2024 | 10 replies
If I go by the 1% percent rule a home that cost 200k would have to gross 2k in rent, Homes I've seen typically rent for 1450 - 1550 max.