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2 July 2024 | 0 replies
Lockport's growing market further enhanced its appeal.
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2 July 2024 | 0 replies
Fresno's growing market further enhanced its appeal.
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5 July 2024 | 19 replies
You would of course not deplete all of your cash reserves on the down payment in order to service the monthly debt payment and carrying costs, but this should give you an idea of what you can accomplish now if the time is right.Many hard money products offer 100% funding for rehab costs so you would not need to save for this portion of the BRRRR project.
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3 July 2024 | 3 replies
Alternatively, look into renovation-specific loans like the Fannie Mae HomeStyle Renovation or FHA 203K loans as standalone products for rehab costs.FHA 203K LoanPros:Low Down Payment & Bundled Costs: This loan simplifies the process by combining the purchase and rehab costs into one mortgage.Cons:Interest Rate & Refinance Requirement: Higher interest rates and the need for refinancing could reduce your overall return on investment.Fannie Mae HomeStyle Renovation LoanPros:Bundled Costs: Like the FHA 203K, this loan combines purchase and renovation costs, simplifying the process.Cons:Interest Rate & Refinance Requirement: Similar to the FHA 203K loan, the need for refinancing to extract equity and convert to an investment property might add to your costs.I am a loan officer so I have some expertise in this area.
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3 July 2024 | 40 replies
ANYWAY, I AM STILL CONFUSED AS TO WHY THE TINY HOMES HERE IN AMERICA ARE 75% MORE EXPENSIVE FOR THE SAME EXAACT PRODUCT.
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2 July 2024 | 0 replies
Keep them coming!
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2 July 2024 | 7 replies
Welcome to BP.If you intend to use a VA backed product, it must be for your primary residence.
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1 July 2024 | 23 replies
I would worry much less, at this stage, about which account is going to earn you more than how to make more money at your job or take on a side gig also to enhance it.A lot of blogs and people will have you focus on the micro here, not buying Starbucks, or getting a .01% better yield, but that doesn't really matter right now because it's not a big earn.
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3 July 2024 | 9 replies
Our products are also very diverse with over 80 investors.
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1 July 2024 | 1 reply
This stability can provide predictable energy costs for your properties.Environmental Benefits: Utilizing solar energy reduces your properties' carbon footprint, contributing to sustainability goals and potentially enhancing the appeal of your buildings to environmentally-conscious tenants.Regulatory and Permitting Considerations: Make sure you understand the local regulations and permitting requirements for installing solar panels on multi-family properties in New Jersey.