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16 May 2024 | 8 replies
Hi Ismael,Don't get FOMO or try and turn back the clock to try and find the perfect deal that you missed out on.
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15 May 2024 | 5 replies
It's a great house and the price is perfect - surprisingly under what I would expect, which makes me suspicious.
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16 May 2024 | 8 replies
In a perfect world, you'd cash flow while you're there, but even if you are decreasing your living expenses, then you're winning.
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16 May 2024 | 17 replies
Other than that I have perfect payment history.Debts:Storage unit- $190 monthPhone bill- $160 month (i pay for my moms phone)Truck payment- $1150 month (owe $58,000) impulse buy, and may be able to sell and get out of loan if needed. 2.9% interestStudent loan payment- $150 month.
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15 May 2024 | 7 replies
Not sure your area that you're investing in, but the perfect BRRRR are kind of hard to come by now in the recent years.. so have the expectations to leave some type of money in the deal..Big thing that I've ran into and I've seen other investors run into is running out of money doing the BRRRR.. as some or most times you have to leave a bit of money in the deal, folks usually run out of cash to continue to do deals.. especially in the recent years..But good news is.. as you're holding and cashflowing on the deals, there is always opportunity to recapture the equity, not to mention tax benefits etc..I also see some pitfalls in investors getting desparate for deals, so they get lenient on their number etc.. as they do i see some get backwards on some deals...
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16 May 2024 | 10 replies
In the past I have always done so and I have been discriminated against and not been allowed to rent even with perfect rent history and great credit every single time expect once.
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14 May 2024 | 4 replies
This service includes managers experienced with Section 8 rentals, so it could be the perfect solution for your needs in San Antonio.
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15 May 2024 | 5 replies
Robert said it perfectly, compare the sqft and size of what your units living room to others on the market and see if it is similar.
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15 May 2024 | 12 replies
For example, they can finance up to 70% of the ARV meaning, if you have a perfect 70% deal (purchase price and rehab are withing 70%) they will cover those cost for you.you will still incur closing cost, taxes, and insurance cost though for example.True 100% financing (ZERO out of pocket) typically requires solid relationships with private lenders or a combination of hard money lender and private lenders.
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15 May 2024 | 8 replies
It is tough to "perfect BRRRR" here with consistency or anywhere for that matter with today's rate and insurance costs.