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27 November 2024 | 13 replies
Do you guys think there is an option to find a property in my price range that will cash flow in a good part of town?
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11 December 2024 | 29 replies
Renting to a tenant with a housing voucher can be a stable option since the government covers a significant portion of the rent, ensuring you’ll get paid consistently for that part.
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1 December 2024 | 0 replies
When looking for options for something pre-fab to plop on our lot, we keep seeing things about Amazon homes and they seem super affordable, but I don't see a ton of information on them and how to plan for the house arriving.
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2 December 2024 | 6 replies
Three years is the standard PPP, but 0-5 year options are usually available.
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2 December 2024 | 21 replies
I am not seeing those options where I am looking.
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6 December 2024 | 27 replies
Given your experience managing 138 doors, you already have a significant advantage in understanding tenant needs, property maintenance, and financial planning.Key tips:Focus on personal finances: Keep building excellent credit and maintaining healthy reserves.Financing: Explore loan options like conventional, or DSCR loans to maximize your purchasing power.Location: Research neighborhoods with strong Section 8 demand and landlord-friendly regulations.Due diligence: Analyze properties carefully, factoring in rehab costs, property management, and cash flow potential.Your expertise and willingness to learn put you in a strong position—best of luck!
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4 December 2024 | 6 replies
Hey Nicholas,As Jason said, I think the 5% down Fannie Mae multi-family loan will be your best option for financing.
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5 December 2024 | 34 replies
For SFH, I find it makes more sense if it's a location where Starlink is also best internet option.
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2 December 2024 | 35 replies
However, I have no idea how to choose from the remaining cities, it seems there are a lot of potential options:- Midwest - Michigan (ie: Grand Rapids) seems to have options, also seeing Columbus Ohio and Indianapolis coming up- Reno - I've seen mentioned several times on here- Pittsburgh / Philadelphia / Twin Cities - All mentioned as lower cost to get started, and seem to be experiencing growthI'd ideally like to find a place that has strong potential for future growth, a diversified economy, and I don't mind living in (being close to nature would be a plus).
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3 December 2024 | 3 replies
If you cannot get approved for a $700k loan, then work on that, but saying I don’t know how to do it is not an option.