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5 July 2024 | 7 replies
You can use data sites to find buyers who have purchased properties under an LLC and then skiptrace the owners, knowing they buy in the area and have similar inventory to their buy box.
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6 July 2024 | 29 replies
There are VERY FEW DEALS AVAILABLE RIGHT NOW….There is inventory for sale…butNOT…..Properties that can be acquired that;1) Will have minimum 80% equity vs ARV…after the ALL IN investment ( unless the cash down is way out of balance ) 2) CASH FLOW TODAY enough to cover all costs PLUS RESERVES and return all cash out of pocket in a reasonable time period.3) You could sell TOMORROW if you needed to and not lose any money4) Dont include rosey hopes of appreciation to cover negative equity Al last ALL… of the current wholesale deals are just trashy retail deals.
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4 July 2024 | 6 replies
If you are a flipper, your real estate along with related costs are considered inventory.The bare minimum feature within Quickbooks is to have the inventory feature.
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5 July 2024 | 2 replies
Currently, the rental income would not cover the mortgage payments, but I'm considering refinancing if interest rates decrease (possibly conventional to free up VA entitlement) as well as adding a fifth bedroom to increase rental income.My Plans: I intend to retain the NC property due to a stable tenant with a recently renewed year-long lease.
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5 July 2024 | 5 replies
These are advantageous as they look mostly at the asset's for the loan not necessarily your personal statements as much as conventional loans.
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12 July 2024 | 281 replies
But they are only available after 7pm each evening & weekends is their quiet time together so no visitors.I wrote a detailed letter explaining what they need EMD, closing costs, DTI, escrow/month, mortgage pmts etc etc & all requirements to qualify for conventional financing.
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5 July 2024 | 4 replies
You would need an owner-occupied loan like a conventional 5% down mortgage.
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4 July 2024 | 0 replies
I am thinking about moving into a new home in the Bay Area and just got pre-approved for up to $800k conventional financing not FHA due to me owning rentals.
5 July 2024 | 3 replies
Consider factors like neighborhood, school districts, and proximity to amenities.Financing and Mortgage Considerations:Investment Property Mortgage: Understand that an investment property mortgage may have higher interest rates and require a larger down payment compared to a primary residence mortgage.Future Refinance: Consider the possibility of refinancing the property when you decide to move in, potentially lowering your interest rate and monthly payments.Loan Types: Look into loan types that might offer favorable terms for investment properties, such as conventional loans or FHA loans if the property meets the criteria.Rental Management:Long-Term vs.
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5 July 2024 | 7 replies
So, I want to buy this house with a conventional loan as a primary home to house hacking and take advantage of the separate meters and all of that.