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21 December 2024 | 1 reply
In your case, it sounds like a similar story.. you identified a property with potential, tackled the structural work, and brought it back to life in a way that justifies a higher price.
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19 December 2024 | 2 replies
This can lead to "renegotiation" demands at the closing:(Other Potential Issues to Consider:Being in the chain of title is also exposure to potential legal issues.Selling an assignment may be a violation of a state's real estate statutes.Wholesaling w/o a real estate broker's license may violate your state's statutes.I'm sure there are more...
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6 January 2025 | 77 replies
Its a fine line here on BP a ton of the audience/members are in the business and the BP members are their target potential clients.
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18 December 2024 | 5 replies
If it's in your name you can look into the potential for a HELOC or potentially refinance to pull out some of the equity you've created, but you'll need to do the math to see if you're payments will increase based on the new loan terms.
19 December 2024 | 5 replies
Also please let me know if you’re interested in chatting about potentially working together!
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11 January 2025 | 420 replies
As you pay expenses for the month, the HELOC balance gradually increases until you effectively have the same principal balance on this HELOC combined with the Mortgage as you would have with the mortgage with an accelerated payment.The picture attached shows the comparison and how the HELOC method averages out a lower average debt level resulting in lower interest.That said, the total savings and ability to pay off the mortgage faster is minor compared to potential HELOC fees and risks, so I don't see it being worth it.I am also new to this, and would love for a critique to show me where this might be wrong.I would share the excel model, but I am not sure how to do that.Thanks!
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24 December 2024 | 8 replies
One of the potential advantages of property managers is access to the vendors they use.
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20 December 2024 | 2 replies
Just like when evaluating a potential purchase you should be performing the same due diligence with rents.
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20 December 2024 | 2 replies
I'm currently reading David Greene's book on BRRRR and was curious about how you all go about planning or visualizing added rooms to potential purchases.
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13 December 2024 | 7 replies
Winter doesn't bring too much extra cost as long as the home doesn't have outdated appliances and has sufficient insulation.