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19 July 2024 | 13 replies
Considering your goal of house hacking a duplex, while FHA loans are common for first-timers, there are alternative financing options to explore:Conventional Loans: Need more credit and down payment, but offer flexibility. 203K Loans: Ideal for fixer-upper duplexes, bundling purchase and renovation costs.VA Loans: Great for vets—no down payment, competitive rates, and no mortgage insurance.Portfolio Loans: Private lenders, good for unconventional income or credit histories.Hard Money Loans: Quick, high-interest, good for investments or major renovations.With $30,000, mix it up—use it for a down payment, maybe pair with a conventional or FHA loan.
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22 July 2024 | 82 replies
Real (established wholesalers) will face drastically reduced competition from the unknowledgeable muddying the waters and reduced competition from those with some knowledge but no or limited capital. 3.
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20 July 2024 | 24 replies
In any case, "rental arbitrage" is almost 100% done because the lessee is broke as a joke and couldn't muster up bus fare home, so they use someone else's asset in order to cover for their lack of resources.
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18 July 2024 | 11 replies
It's not for a lack of trying.I've asked him to try working some other channels to see what we can put together for you.Sorry for any slow communication; it's a crazy time in the markets and the low/tight inventory has made it rather challenging for everyone in the industry.I'll follow up with Micheal more tomorrow.Feel free to contact me anytime!
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22 July 2024 | 120 replies
When new units can be added at a price competitive with existing units, there will be a market that justifies adding new units.
17 July 2024 | 1 reply
We took over a project that had stalled due to lack of funding to continue rehab.
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19 July 2024 | 35 replies
They focus on selling boutique coffee, for lack of a better term, where the margins are much higher.
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19 July 2024 | 19 replies
@Matt OwensOut-of-market investment provides affordability, diversity, and greater returns, but it also involves managerial issues, a lack of local expertise, and travel expenses.
17 July 2024 | 7 replies
We offered cash to be competitive with the offer, there were 35 offers in 5 days.
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18 July 2024 | 11 replies
The lack of income verification and the deposit payment issue are also red flags.