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19 December 2024 | 13 replies
They will accept about 1 out of every 15 to 20 offers.I have also gotten private lenders to lend on the property, but they usually want 8% to 10% on their money.
23 December 2024 | 9 replies
Need to move in immediately is a red flag to understand.Responsible tenants usually plan their moves and thus need to give notice to their old landlord and also are proactive in lining up a new property substantially before the move day arrives.
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14 January 2025 | 23 replies
DOS or more commonly known as Event of default.Alienation of title is an event of default in most all debt instruments not usually located in the Note its in the mortgage deed of trust etc.And along with other Events of Default IE non payment of Insurance or tax's or waste these all give the lender the right to Accelerate the note but not the obligation..
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23 December 2024 | 14 replies
Due diligence is key before you sign on the dotted lineBuild a network of a great property manager, lender and maintenance teamDepending on your budget, I usually would start with at least a duplex, triplex or quad.
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26 December 2024 | 14 replies
The networking and local market insights are invaluable.For retirement planning, focus on building steady cash flow and consider setting aside a healthy maintenance fund (I usually recommend 6 months of expenses) to protect against any surprises.If you're looking to expand your portfolio, Columbus is a great market where we still see positive cash flowing deals with lots of appreciation potential.
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20 December 2024 | 3 replies
I'm struggling to generate extra lead flow from builders, mostly because it's so difficult to identify folks that are doing ground up, business purpose construction.
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19 December 2024 | 15 replies
3-year PPPs are usually reasonably priced while also shaving off those extra 2 years...if you drop below 3, rate/cost can get a little gross.
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21 December 2024 | 7 replies
$800k at a couple extra percent means it’s costing you AT LEAST $16k PER YEAR in additional interest.
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19 December 2024 | 13 replies
The only real offer I got through FF was for $1700 a month, and I'd rather leave it empty than take that and pay for the heating bills and the extra wear and tear of long term renters.
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30 December 2024 | 819 replies
I don't want to deal with massive headaches for extra perceived yield.