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4 February 2025 | 7 replies
This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.
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24 January 2025 | 13 replies
They apparently don't use title and I do have one.
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24 January 2025 | 12 replies
In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!
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30 January 2025 | 6 replies
Charleston (in my biased opinion) is one the best places to live in the country.
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2 February 2025 | 4 replies
If your state is an expensive one it might be cost prohibitive to have an LLC for a small rental business.
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27 January 2025 | 6 replies
I would recommend against being the GC unless you are confident of doing more than one effort.
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17 February 2025 | 11 replies
I will still sign up for it as it seems to be one of the main sites dedicated to traveling professionals.
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22 January 2025 | 22 replies
So, Anca, your parents can 1031 from one property into more than one.
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23 January 2025 | 7 replies
Depends on the brokerage you have, but the one we use currently has a rate at 5.83% at 50% LTV.
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23 January 2025 | 15 replies
That does not mean you are getting the best one unfortunately.