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24 September 2024 | 16 replies
Seeing as our house is pretty rural, our choices are limited.
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24 September 2024 | 6 replies
Totally new world for me knowing there are properties off the market, wholesalers, and people that loan money just for this purpose, different from a bank, I have always thought we were doomed from finding a good deal as everything I found was already on the market...my little knowledge and limited believes got me trapped.
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21 September 2024 | 19 replies
And yet I would bet that any property that's not brand new or fairly new, will have some items that could fall into this category.
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23 September 2024 | 11 replies
I think the outskirts are you best bets!
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25 September 2024 | 14 replies
Most will likely stick to the technical limit of Sept 2021 when it ceased being a primary residence, but some may be comfortable going by the address on the 2021 return and others may explore a partial exclusion, depending on the reasons for your move abroad.If you'd like to read up on the technical rules, the IRS publication 523 gets into more detail than most people would like to know, but it does have some helpful tables and examples for different scenarios.
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23 September 2024 | 3 replies
Most people that have limited experience go the thought leadership route.Start learning everything you can about real estate investing and then regurgitate it by writing blogs, starting or being featured on podcasts, blab about it on YouTube and social media.
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25 September 2024 | 22 replies
If you stop growing it wide early (more real estate) and you start growing it deep instead (more equity) you are limited in your final outcome.
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25 September 2024 | 12 replies
Also keep in mind that with HELOCs there are loan to value limitations.
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22 September 2024 | 22 replies
The reason is that we have a relationship with a regional bank that will provide financing and which if we limit leverage to 50% will (1) charge interest at their lowest commercial rate fixed for 20 years with no balloon, (2) charge 0 origination points and no “junk” fees and(3) allow us to sell the property with either a sub to or a wrap loan without increasing the interest rate - in other words no due on sale clause.
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23 September 2024 | 12 replies
There is a good chance they would limit the loan amount based on either appraisal, or purchase price + improvements (ie project cost), whichever is lower.