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28 August 2024 | 0 replies
The initial renovation budget was ~$30k, when all was said and done I spent $43k on the renovation.
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28 August 2024 | 0 replies
The New York-based retailer, which also owns Bloomingdale's and Bluemercury, recently announced plans to close and sell 55 stores this fiscal year, up from an initial 50, due to strong deal momentum.
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28 August 2024 | 3 replies
I've performed a few 1031's and had to pay initial fees.
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28 August 2024 | 4 replies
That's the job.Good news: once you gain more traction you can leverage a cold calling VA to help with the initial contact (the most time intensive part of the process), I run a call center for Real Estate so I know this can work.
30 August 2024 | 30 replies
We typically see these bonuses between 5.5-6.5% of your initial equity investment.
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30 August 2024 | 17 replies
I initially was going to do a commercial loan and purchase my next house as an actual investment property, but financially it made a lot more sense for me to move into it and put a lot less money down upfront and have a lower interest rate.
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29 August 2024 | 10 replies
You’d buy a fixer-upper, renovate it to boost its value, rent it out, then refinance to pull out your initial investment and do it all over again.
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27 August 2024 | 0 replies
We are interested in Mobile County and the Huntsville area.We are from CT, so we are requesting your assistance in finding ~ a good Alabama real estate attorney, and ~ interested investors for quick flips (initially) We welcome advice and feedback to increase our knowledge of this state and those counties.I appreciate it!
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28 August 2024 | 18 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
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28 August 2024 | 32 replies
So my initial plan was to get in touch with them some how and get on a call then present my deal, but as I said before I can't really get my foot in the door