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2 August 2024 | 18 replies
Then we stayed in our fixer-upper, used HELOC to buy investment property cash, then get a cash-out mortgage and pay back HELOC once rented out with rental history to qualify, and do it again.
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1 August 2024 | 4 replies
Luckily, my mom qualified for the Landlord Compensation fund.
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3 August 2024 | 10 replies
I keep hearing bad things with Doorloop.Appfolio is great, but you won't qualify for it.
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1 August 2024 | 4 replies
The cash flow from your investments can then be reinvested to generate even more income streams.Four big reasons why I chose to pull my accounts back in 2012-2014 putting money from these qualified retirement plans (401(k)s, Roth IRAs, and other Qualified Retirement Plans (QRPs)):1) Taxes: You’ll pay taxes on this money eventually, despite what you might hear about tax-free growth.
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1 August 2024 | 4 replies
Upgrades/repairs include:flooring (tile and carpet, entire house), painting (entire house), complete kitchen renovation with new appliances, cabinets, sink, lightingcomplete bathroom renovationsupgrade/replace ACupgrade/replace existing hot tub upgrade/replace furniture/bedsupgrade/replace old pier with newadd new kayaks, paddle boards, and bikesI am thinking anything that is removable (furniture, appliances, water toys, bikes, pier, etc) could qualify as an asset for the LLC and thus be used as a tax expense for the LLC.
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2 August 2024 | 11 replies
I'm a licensed general contractor in ohio and just passed the experience qualifier in miami dade county
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1 August 2024 | 3 replies
Certain lenders will understand the travel healthcare pay better and might be able to qualify with past W-2s, pay stubs, and contract terms.
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7 August 2024 | 73 replies
The payment on a $1,200,000 property with 20% down, which is putting $240,000 down, means the payment, without taxes and insurance at 8% is $7,044 per month for Principal & Interest, and you would have to make about $256,000 annually (instead of $60,000) to qualify.
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2 August 2024 | 6 replies
You also have DSCR that "Does Not" use income - No income, No tax returns and just uses rents to qualify for purchase or cash out refinances.
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1 August 2024 | 1 reply
It's all about what you're looking for and if your home qualifies :) I would recommend reviewing your specific situation, the value of your property, and your risk tolerance to determine the best approach.