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13 September 2024 | 50 replies
If I'm wrong with respect to the legal aspects of this someone please correct me.
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7 September 2024 | 85 replies
Consistency over time is what it takes to achieve your financial goals through RE investing!
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7 September 2024 | 4 replies
As an investor, the goal is to generate consistent residual income.
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6 September 2024 | 11 replies
depends on the quality of the assets and the reliability of consistent rental income.this is an age old argument and really a personal choice at the end of the day.
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8 September 2024 | 29 replies
I did't ask for reimbursement on this one, but consider the example consistent with the general quality of the $3,000.00 spent on leads so far this month on on ISpeedtoleads.com.
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6 September 2024 | 8 replies
To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.
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7 September 2024 | 11 replies
Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMS In time, our team will grow to consist of the following: Agent/Broker CPA Lawyer Escrow Officer/Title Rep Insurance Agent Property Manager Handyman Private Lenders/Equity Partners ContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANS Our foremost exit strategy will be to sell the property once it has been rehabbed.
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5 September 2024 | 0 replies
With occupancy rates consistently above 95%, Old River Place is well-positioned to meet the growing demand for rental housing.Bascom plans to upgrade unit interiors and enhance the property’s exterior and amenities, offering affordable yet desirable housing.
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9 September 2024 | 22 replies
Excellent location in Mesa.I shopped around and I found a mortgage broker who was able to get me a 6.99% rate who took the loan to UWM (united wholesale mortgage).I negotiated a $15k seller concession I used for a 1-0 buy down so my rate for 1 year will be 5.99% and then revert to 6.99% for 30yrs. and then we used the rest of the concessions for closing costs. in 6 months or 12 months I will revisit to see if mortgage interest rates dropped significantly to justify a refinance to lock in a lower interest rate.part of the approval process for the Fannie Mae 5% mortgage is to make sure that i could afford this property and that i have good credit, my income is consistent and stable and it reflects that on my tax returns, I have sufficient capital reserves for the subject property and my other 10 Multifamily properties (6 months of PITI for the subject and then it's percentage based off of the loan amounts and how many properties you have)I agree, the more that government "helps" they therefore are increasing pricing.
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7 September 2024 | 7 replies
Lastly, if you're considering a career change or starting your own business, it will be difficult to qualify for a mortgage until you can show stable/consistent income.