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8 April 2024 | 0 replies
We expect you to be equally committed and, to that end, ask that you bring some money to the closing table.
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8 April 2024 | 0 replies
We expect you to be equally committed and, to that end, ask that you bring some money to the closing table.
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9 April 2024 | 5 replies
He has "hook-ups" which caused us to wait on their time table and in the end none of his "hook ups" worked and we end up paying companies to the do the work.
8 April 2024 | 3 replies
VC firms typically do not do real estate, maybe a family office but that relationship takes a good amount of time to build and as you mentioned they will want to see experience.This is a hard question, but I ask them - what are you bringing to the table?
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8 April 2024 | 51 replies
The more unique the property, in both directions, the less accurate the zestimate.
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8 April 2024 | 4 replies
Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.
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8 April 2024 | 21 replies
$50 a month is $600 a year and if the rear unit is $170-270 below market, you're leaving that on the table.
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8 April 2024 | 37 replies
Ultimately, the decision to purchase now or wait depends on your financial goals, risk tolerance, and the specific opportunities you’re considering and every situation is unique, so what works for one person may not be the best for another.
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8 April 2024 | 9 replies
Having said that, what are you and your husband bringing to the table for this deal?
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7 April 2024 | 8 replies
House Hacking via VA loan and 2nd home are on the table, but I am not limiting to that.3-year goal:-Look towards multi-family property or opportunities to build ADUs.