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5 December 2024 | 6 replies
@Zachary EngenMost lenders will allow a cash-out refinance of up to 75% of the property’s appraised after-repair value (ARV), not the purchase price or costs.
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26 November 2024 | 18 replies
Megan Luckily the math part isnt too high level just addition, subtraction, some mulitplication and division but we as a community can all help you through it.Leave the complicated math for the wall street quantative analysts and derivative traders.
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10 December 2024 | 8 replies
Sometimes, seller financing can work too if the deal allows.
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5 December 2024 | 5 replies
They explained that Fannie Mae (according to an exchange with their Servicing Portfolio Manager at Fannie Mae for a similar but not an exact loan) does not allow PMI removal for improvements already included in the original loan’s scope until after a two-year seasoning period
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9 December 2024 | 16 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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6 December 2024 | 12 replies
Quote from @Corinne Snyder:Hi Michael, my CPA will not allow me to claim myself as a real estate professional with my one rental single-family home rental property because I do not spend enough hours per year running it, therefore he won't allow any overhead expenses to be claimed; only expenses related to the property directly.
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4 December 2024 | 1 reply
They allow up to two dwelling units per lot but that seems to be more for like a finished basement unit.
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7 December 2024 | 7 replies
Closing sooner means you’d officially own the property earlier, allowing you to give the 28-day notice to tenants right after closing.
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9 December 2024 | 20 replies
This is especially true since I often look for properties that allow for tax grievance potential too further increasing cash flow.
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6 December 2024 | 15 replies
As @Matthew Crivelli said, do not allow a tenant's friend or 'Contractor' to do any work on your property.