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9 January 2025 | 16 replies
It depends on the type of lender, the broker is using.If a broker is using a wholesale lender, they make their money on the back end side.
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3 January 2025 | 5 replies
I've been running the numbers on different properties using a variety of online calculators for properties that I initially thought looked like there may be potential.
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9 January 2025 | 2 replies
If your local market is very active and homes are selling fast, you may be able to get by with doing less.Your Home’s Condition: If your home is vacant or has a unique layout, using a professional stager who can bring in the right furniture and accessories may help buyers truly visualize its full potential.Your Budget: Talk to your agent to get an idea of staging costs in your area, as it can be the difference between your house selling and sitting.
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7 January 2025 | 6 replies
I suggest using a service like Mayistay.
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7 February 2025 | 21 replies
We vend out mostly Ave none of our vendors want to use the vendor portal to communicate—they have their own business management systems and don’t need to bother using a new one just for us.
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6 January 2025 | 4 replies
If you do not have (2) full years of 1099 you can still get approved for a mortgage using a Non/QM program like a "1 Year 1099" program or Bank statements.
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3 January 2025 | 19 replies
Now that I have some equity built up and want to pull some using a HELOC to purchase my next property, no one will work with me because the property is under an LLC.
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12 January 2025 | 23 replies
From my own personal experience and from others I think most reach the "tipping point" from self managing to using a PM somewhere between 5-15 units, especially if you have a W2 and want to continue to scale.
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16 January 2025 | 6 replies
They maynot want to do this if they are using a Bank to finance, since thebank will want “First” lien position and you won’t want to do“Second” position.
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15 January 2025 | 18 replies
If you’re not using a 1031 exchange, you’ll need to account for this.Reinvestment Risk: Entering new markets and managing multiple properties may present challenges, especially if you’re unfamiliar with the areas.Alternative StrategiesBefore committing to selling, consider these options:Leverage the Equity (HELOC or Cash-Out Refinance):With a 3.1% loan, selling might not be the best first move.