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10 December 2024 | 2 replies
Investment Info:Single-family residence buy & hold investment.
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10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
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10 December 2024 | 0 replies
Investment Info:Single-family residence fix & flip investment in Success.
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10 December 2024 | 0 replies
Investment Info:Single-family residence wholesale investment.
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16 December 2024 | 35 replies
Without complete financials up to that point, extra work (and headache) will be required to get everything straight after years of failure to keep complete financials.There also might be an asset protection wrinkle by not maintaining complete books for an LLC, but I won't comment on that as I'm not an attorney.
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9 December 2024 | 2 replies
Investment Info:Single-family residence buy & hold investment in Rocky River.
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11 December 2024 | 4 replies
I have read the city’s guide https://www.slcdocs.com/Planning/Guides/ADU_handbook.pdf but I still have questions.1. can tell that till require the owner to live there for the ADU. 1a is it for permanent residency or is it justified if it is a second home that I would use occasionally?
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11 December 2024 | 1 reply
Investment Info:Single-family residence buy & hold investment.
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5 December 2024 | 13 replies
And once you convert it into your primary residence it is no longer eligible for a 1031 exchange.
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15 December 2024 | 38 replies
I'm looking at working with insurance companies/temporary housing for my next rental, I have an LLC, but I don't know what kind of credibility they look for since I only have my personal residence that I house hack.