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19 January 2025 | 56 replies
Now Wyoming is interesting as it is a state that allows you to hide partners of an llc from the public.
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6 January 2025 | 2 replies
The 4-plex may be viable if zoning allows it but building another single family is probably not the move.
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18 January 2025 | 10 replies
To get to the ARV of $250,000 , I am assuming as follow:Because you spent $15,000 in renovation, I am assuming you increased the Initial value of the property at 30,000 bringing it at $230,000Add a 8.69% home appreciation for one year $20,000Estimated Home Value After 1 Year:$250,000Refinancing Breakdown:New Home Value (Post-Appreciation): $250,000 New Mortgage Amount (80% LTV): $200,000 Existing Mortgage Balance after 12 months: -$158,035 Assuming 3 Months Interest Penalty for Breaking Existing Mortgage: - $2371Total Cash Pulled Out: $39,594, allowing you to recover to pay a portion of your initial investment of $63,548, leaving $ $24,015 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.
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5 January 2025 | 17 replies
I believe Alexandria city allows it but portions of Fairfax county do not allow it. i would go option 1 personally.
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11 January 2025 | 14 replies
Investors allow them to help because they are local but the truth is that they have no idea how to manage a rehab.
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7 January 2025 | 5 replies
This will allow you to get the sheriff involved immediately.If you are already past the notice period then you will probably have to follow whatever state laws are in place for the notification period and possibly the eviction process.
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7 January 2025 | 12 replies
I think one of the older resorts that still do allow short-term (Airbnb rentals) would fit the bill.
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27 December 2024 | 15 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
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17 January 2025 | 22 replies
Debt service loans typically max out at 75% LTV for cash out refinances, but some lenders allow 80%.
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6 January 2025 | 0 replies
Our negotiation approach focused on building rapport with the seller, allowing us to secure the property below market value.