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13 August 2024 | 10 replies
If you're self-managing, having a reliable team of cleaners is essential, as a spotless property leads to great reviews and repeat guests.
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20 August 2024 | 452 replies
So technically speaking, if you use your own LLC to be your lender you can get your money back much quicker to rinse and repeat the whole process.Now let's assume I purchase a property cash.
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14 August 2024 | 11 replies
Further, a UCC would be a specific exception to the lender's title policy but would not affect the priority of the new mortgage.
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13 August 2024 | 2 replies
It’s important to confirm that your lender is aware of your plans and that it won't affect your ability to secure favorable terms.If you are planning on using hard money to finance the deal, please keep in mind that most hard money lenders out there have a hard stance against owner-occupancy.
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14 August 2024 | 12 replies
It doesn't really affect how I go about my business.
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14 August 2024 | 22 replies
Rinse, lather, repeat.
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14 August 2024 | 22 replies
You are asking about markets where you can Buy, Rehab, Rent out, Refinance, and Repeat (BRRRR Method) where you can buy 70% of After Repair Value and under $150,000 with good cashflow.This is my favorite strategy as well.There are several markets in Michigan where you can do this but the market I prefer is Lansing, MI.It is the State capitol, there is always a lot of economic development as a result which creates jobs and demand for housing which keeps rents up and appreciation steady.To Your Success!
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12 August 2024 | 4 replies
Alternatives include the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy and flipping.
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13 August 2024 | 17 replies
Here in PA, if we send a renewal to a tenant and provide a minimum of a 30 day notice letting them know not just of the renewal itself but also any change in terms, even if the tenant does not sign it the new terms can go into affect.
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12 August 2024 | 15 replies
The main reason you don't want to be negative upon moving out other than creating cashflow is because it will affect how much you can qualify for on your next home purchase.