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8 July 2024 | 18 replies
The intent is to cut down on the cost of applying for rentals, particularly for renters that have to apply more than once in a competitive market.Do you support this?
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7 July 2024 | 30 replies
HML just went to private money to give the allusion that you are going to find some rich doctor that is going to lend you money at 5%. private money hard money is quite competitive these days.. you can plan on 2 to 4 points up front at close and 10 to 15% interest plus junk fees and rehab draw fees appraisal fees etc etc. some of the larger national lenders have their pricing very well spelled out on their websites you may want to get a baseline from themKiaviLima one Lending oneetc etc..
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8 July 2024 | 35 replies
The local lender typically lives in the area and understands the market, which could help get you a more competitive interest rate, a timelier appraisal, and result in an overall more streamlined process.
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10 July 2024 | 87 replies
There is plenty of competition among agents, and I see a wide range ofcommission structures to choose from.
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5 July 2024 | 0 replies
Tried to get back into the REI game to buy a rental in early 2022, but I was only looking in "A" markets (had a single realtor giving me all the advice), and competition was way too hot, so I hit the pause.
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6 July 2024 | 18 replies
If yours isn't renting, it's possibly priced to high compared to the competition.
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5 July 2024 | 19 replies
@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.
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5 July 2024 | 12 replies
Nasty- I like nasty properties, because there is less competition to buy and more money to be made.
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2 July 2024 | 4 replies
Definitely look at your market to see what the competition looks like.
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3 July 2024 | 1 reply
Should I tell them I’m raising the rent due to lots of competition???