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8 February 2023 | 10 replies
The property must meet several other requirements, as illustrated below.If you would like to learn more about our processes and what we can do for you, DM me.
5 January 2015 | 36 replies
You have not poised a specific example illustrating a need for a solution other than ask for text to a POA and contents of a letter to write to insurance companies, so how is anyone supposed to comment on one?
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29 October 2016 | 94 replies
There's actually a lot more to the whole equation, and it's been talked to death, but let me quickly illustrate a few more advantages to mortgage debt.- it's deductible on your taxes, provided you itemize (which every real estate investor should)- you're borrowing in today's dollars, but paying in future dollars; inflation over time for the USD tends to hover around 2% per year (Fed's goal, although at the moment it's slightly less), and mortgages right now are well below 4%, thus really meaning that you end up with only a <2% cost year on year, all else being equal- the cash you haven't spent on your property can go to other places, such as more real estate, the stock market (historical long-term yields of 7.5%), or giant billboards with you making a silly face on them (yield: priceless) All that being said, make sure you have a bit of a buffer and a few exit strategies.
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14 January 2024 | 12 replies
But once that level is reached, in my mind, equity growth and an increase in net worth should be the goal.I’ll share a recent acquisition to illustrate the point.
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30 June 2020 | 12 replies
They are trickling back but this illustrates that many hard money lenders are not, “… always there and very liquid.”
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29 January 2020 | 197 replies
Using a DTI Ratio of 45%, a married couple would have an extra $900/mo (45% of $2,000/mo) to allocated to their housing expenses, allowing them to more than double their pre-approval amount in some cases.Without UBI: Max Purchase Price = $117k at $800/moWith UBI: Max Purchase Price = $250k at $1,710/mo (+$900/mo to take new DTI to 45%)(Note: I'm not a lender, and surely there is more to this calculation than I am sharing here, this is merely just meant for illustrative purposes)Further, the extra money would allow many people who already have the income and credit but no down payment to suddenly be able to save up for the down payment, creating additional buyers at the lower price ranges.But without increasing the supply of available homes, the base floor price for housing would certainly be raised.
10 July 2019 | 41 replies
Most of what he has are repackaged versions of tried and true "Wealth Building 101" lesson illustrated with cute fictional anecdotes and stories.
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12 April 2022 | 4 replies
For illustration purposes this was the transaction.
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29 May 2016 | 47 replies
To illustrate that, consider that Silicon Valley has a larger population than the Denver Metro area, yet had <20% the SF housing starts in the last year, with only mildly lower population growth (~0.5% difference).So what will prop up the high prices people are paying now once all those new constructions hit the market?
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4 April 2016 | 116 replies
Are you trying to imply that someone buying from you the $535,000 condo in your illustration above would have long term results similar to yours?