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14 October 2024 | 420 replies
The other technique Ken is talking about is doing a wrap or in CA you have a really cool debt instrument called a All inclusive Deed of trust..
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9 October 2024 | 9 replies
The covered parking area and patios should have adequate drainage to prevent water accumulation and potential damage.Investment ForecastPurchase Price: $849,900Total NOI over 10 years: $308,782.13Year 10 Value: $1,256,336 (based on a conservative 4% appreciation rate)Annualized return: 6.30%ConclusionWhile this property is poised for appreciation, sustaining it over several years for substantial returns would require substantial financial resources due to high debt servicing costs and negative annual Cash on Cash (CoC) returns.
1 October 2024 | 10 replies
I accumulated about 50k in bills/expenses on cards during that time and another 50k doing renovation on both rental property and my primary residence.
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8 October 2024 | 6 replies
In this case, speed is your friend.If you can, pay for repairs out of pocket (or on a credit card or with a loan) do so and then submit the actual bills to the insurance.
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7 October 2024 | 6 replies
These loans are typically secured by real estate assets and can be repaid once your cash flow improves.Mezzanine Financing: This combines debt and equity financing, allowing you to borrow the needed funds with the option for the lender to convert debt into equity if not repaid on time.
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9 October 2024 | 10 replies
You can use this cash for any purpose, such as home renovations, debt consolidation, or paying for major expenses.
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10 October 2024 | 13 replies
Open a cc with a good point/interest rate/perks dedicated to the LLC, it will make it so much cleaner for taxes and you will receive points rather than using debit card with no add value.
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7 October 2024 | 8 replies
At this location we will move 20 of the 115 to autopay, the rest are already on autopay (debit/credit card/bank echeck). 20 doesn't sound like much but times 5 other locations this will reduce our workload.
7 October 2024 | 10 replies
This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.
7 October 2024 | 0 replies
This will be our first debt-financed project.