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28 March 2016 | 1 reply
. - It would indeed be awesome if you could rationally explain to a bank how the numbers work on a real estate investment, but my guess is that unless you're dealing with a small community bank that doesn't want the property on their books, and would rather sell the property to an investor (and maybe even service the loan for them)...you're not going to have much luck talking reason and sense into a bank.Then again...it never hurts to try and hopefully someone can come along and tell us both who wrong I am and provide that secret sauce recipe.
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31 May 2016 | 17 replies
When your business income wavers:1) A paid off home will have no mortgage, but your lack of income means no insurance payment, no food, no utilities.2) A good investment means you still have a mortgage, but your extra income pays for your mortgage, insurance, food and utilities (or at least contributes so you can ration and survive).So... which one is "safer" for a business owner?
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20 November 2015 | 11 replies
Never confuse the two.The numbers ($$$$$) don't lie...never argue with them...you'll lose every time.Oh, and rationalization leading to fudging your numbers is negotiating against yourself.
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12 June 2013 | 2 replies
I think your improvements that have been completed thus far are probably more than adequate to get a quality tenant in place.Remember it's business at this point don't let emotion of it being "your home" overpower rational decision making of it being "your income producing investment".
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20 September 2010 | 0 replies
I'm a very logical and rational thinker and know tons about construction and that end of things but am finding my financial and basic business knowledge is pretty shallow comparatively so I am reaching out for direction to those here about where to start to look for books (etc) on business basics with focus on Real Estate.
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8 May 2009 | 5 replies
Closer to home for us is the fact that those of us who bought houses we can afford (for the moment, at least), and bought using rational loans, get the reward of continuing to have a decent credit score AND continuing to be allowed to pay our mortgages.
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23 February 2010 | 24 replies
If you only buy houses that meet a ration analysis, you'll miss out on making alot more money!
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28 October 2009 | 47 replies
The debt has made it more difficulty for me to obtain financing in my endeavors (of course I happened to become an entrepreneur right when the credit crisis hit), but ultimately I think I will come out for the better, especially being able to survive the downturn.I am a little bitter towards the higher education industry for taking advantage of my parent's never having had a college degree rationalizing to them that debt was an acceptable and normal way to pay for higher education for your children.
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27 January 2009 | 5 replies
Some are concerned that you'd have to mark the assets down to purchase them, but I think it could help provide some rational pricing, actually, for the market in some of these assets, because we don't have really any rational pricing right now for some of these asset categories."
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7 April 2010 | 6 replies
Show the pro rations for taxes and insurance on your HUD, this will evidence the requirements mentioned above.