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12 January 2025 | 7 replies
my condolences on your recent lost.there are a few ways you can do this, as mentioned above you can take a heloc on your primary residence which will give you a second mortgage, first mortgage payment wont be impacted. you can do cash out refinance which will give you one mortgage and payment. it will pay the old mortgage and give you money in your pocket to pay for the rehab.or you can do a renovation refinance which is similar to cash out refinance but we would contractor involved as part of the refinancing and they are paid through the loan
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16 January 2025 | 11 replies
How much should I consider the impact to the higher interest rates of today?
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15 January 2025 | 14 replies
The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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22 January 2025 | 21 replies
.- Taxes: While the 10% penalty is waived, the withdrawn amount will still be subject to regular income taxes.This can be a useful way to access funds for a home purchase, but keep in mind the tax implications and the potential impact on your retirement savings.
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22 January 2025 | 14 replies
This directly impacts returns for everyone.
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11 February 2025 | 31 replies
It absolutely matters what the GP is making on the deal, because it impacts the risk-return for LPs.If the GP is taking a crazy high amount, that amount is coming out of LP returns, which means that the LP might not be adequately compensated for the amount of risk they are taking by investing.
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27 January 2025 | 6 replies
*Growing the Accredited Life community and brand assisting accredited investors, soon-to-be accredited investors and their families build and preserve wealth, make an impact investing and building their legacy.
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7 January 2025 | 12 replies
Using a 1031 to upgrade to a two-family could help you reduce or eliminate the $1,000 out-of-pocket expense you’re paying now.Also, condos often come with HOA fees that limit cash flow, so be mindful of their impact.
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22 January 2025 | 56 replies
The only way to make it happen is to sell some property.It will impact my cash flow.
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9 January 2025 | 3 replies
My problem is how to measure if it has any impact on sales price or time on market.