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4 January 2025 | 5 replies
Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.
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2 January 2025 | 2 replies
I get a lot of questions about housing vouchers and how you determine rent amount allowed.
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6 January 2025 | 28 replies
Yes the penalties are high, so if people think they might be selling when they renew their mortgage, they get an open rate mortgage that allows them to sell with less of a penalty than a closed rate mortgage.
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8 January 2025 | 13 replies
1) We make sure backside funds are confirmed at title before we initiate frontside wire.2) Our agreement that we get the wholesaler to sign essentially would allow us to secure a loan against the property if for whatever reason there was an issue (as never happened).3) We generally insist that both the A-B and the B-C contract are at the same title company.
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31 December 2024 | 0 replies
This allowed us to close quickly and focus on adding value.
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2 January 2025 | 5 replies
This will allow you to qualify solely based on the income that is produced from the rent of the property.
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5 January 2025 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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31 December 2024 | 3 replies
While none of these options allow for immediate cash flow on the property (we are on the northern CA coast) the ARMS would allow us to break even.
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24 December 2024 | 9 replies
Some states allow series LLCs as well.
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3 January 2025 | 10 replies
What i would recommend is joining a REA or other real estate meet-up group where you can connect with other likeminded individuals consistently and share knowledge.