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13 March 2019 | 7 replies
@John Leonard, assuming the current owner put down 20% on a 30-year mortgage, he still owes ~$28k.
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10 January 2019 | 2 replies
@Robert Leonard, thanks will take a look at it based on your other posting, great detail.
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10 January 2019 | 4 replies
If you could talk down the price - even better.Using my personal spreadsheet, here is how I would analyze this deal:Hope this helps.Robert Leonard
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24 January 2019 | 2 replies
Ideally, we'd like the property to be under our LLC and on a residential mortgage, but that's often hard to find, so we are open to commercial lenders as well.Thanks for the recommendations.Robert Leonard
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11 January 2019 | 4 replies
Correct this to about 10% and you should get a more clear picture.Hope this helps.Robert Leonard
14 January 2019 | 7 replies
In a single family home, you'll be on the hook for the mortgage if it is vacant, so I would plan to have a decent amount in reserves for this.Robert Leonard
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14 January 2019 | 3 replies
Before the encroachment issues, I was looking at fairly straightforward BRRR which would cashflow very well.Thanks for any advice,Danny