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30 January 2025 | 24 replies
Could seller finance (not recommended) to reduce initial burden and spread it out over time
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16 January 2025 | 2 replies
I’d appreciate any input you can offer on everything from financing to construction challenges.
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14 January 2025 | 1 reply
On the initial agreement, it clearly stated that the buyer was going to be using financing and listed the terms of their financing
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21 January 2025 | 5 replies
If one project slows down, others can keep moving.Stagger Projects: Start planning your next project while finishing the current one to keep your pipeline full.DSCR Loans: These loans focus on the property’s income, not your personal income, which can help you finance more properties.StrategyFlip and Hold: Flipping one property while prepping another for rental keeps cash flowing and builds your portfolio.BRRRR Timing: Since BRRRR is slower now, using DSCR loans to get multiple properties might be a good hedge.Good luck with your flip and future investments!
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17 January 2025 | 3 replies
I am not an expert here but my thought is that you would learn a lot by getting your license and have more credibility in the industry at large so if your time and finances allow- get that license:)
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16 January 2025 | 15 replies
I actually got caught up in the creative finance bubble of trying to lock up properties way over their value just because it had creative terms not realizing that if you were to buy a property at 120% of its value you will never be able to refi or sell without paying out of pocket.
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18 January 2025 | 17 replies
Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.
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16 January 2025 | 3 replies
Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.
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23 January 2025 | 24 replies
Most aren't financing, their flipping , so no inspections are generally needed.
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24 January 2025 | 13 replies
One other thing to keep in mind is that you have more financing options on 2-4 units than you do on 5+ units.