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15 December 2024 | 4 replies
Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.
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24 December 2024 | 25 replies
My market Milwaukee is still low inventory and competitive offers.10Y T-bill is flat at 4.412% this morning, so we may see mortgage rates stay flat this week too?
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17 December 2024 | 11 replies
They can offer a more hands-off approach while you get your feet wet.
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16 December 2024 | 6 replies
I’m excited to connect with others here, share insights, and offer assistance wherever I can.
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17 December 2024 | 17 replies
All will be delivered vacant, apparently I missed the piece in my offer that allows the seller to stay in the unit up to 7 days after closing...
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10 December 2024 | 22 replies
You should screen everyone the same, but still, it's a bit of a comfort knowing FF is mostly all working professionals.
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9 December 2024 | 15 replies
Her contract says nothing about set up fees or early termination; I gave a generous offer to keep $400 as a design fee, but she sent me (2) $30 deadbolts and said the Technology Fee was non-refundable.There's other, better STR management companies out there.
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18 December 2024 | 11 replies
I then created an excel sheet with those estimates to know (a) what to offer for land to make my numbers and (b) to hold the sub to what they estimated for me.
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17 December 2024 | 8 replies
Definitely make those assessments during inspection or prior to making an offer if you can to save yourself the time.
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9 December 2024 | 15 replies
If it's tight or you're uncomfortable with the tenant you have in there from a confidence perspective, especially if this is a first deal, maybe meet in the middle and get a lender at 75% or 77% (doesn't HAVE to be at 5% increments) that wont make you season, and leave a bit more money in the deal, but sleep better.Overall, if I cash flow well, have/keep reserves, and am comfortable I fixed everything in the house, I like to max out the LTV on refi.