12 January 2025 | 10 replies
This convenience and leverage can justify the higher cost of these loans.Personally, I prefer using a HELOC because I only have to apply once and can then tackle one or two projects at a time.
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9 February 2025 | 119 replies
IE if you were to be "negative" you could be thrown out which is a pretty stiff penalty given the costs.
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24 January 2025 | 11 replies
Personal usage will negate the losses from the cost seg in the first year, so we suggest avoiding it.
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21 January 2025 | 19 replies
My preliminary research on Zak has not shown much negative things yet.
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12 January 2025 | 6 replies
In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.
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5 February 2025 | 16 replies
I'm assuming I should be somewhat prepared before doing this, as I don't want to come across as a "not serious" waste of time to any agents or borrowers.Since I only want to lend locally, how do I get my name out there to start my search for borrowers?
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25 January 2025 | 15 replies
This may come off negative, although it's not meant to be.
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13 January 2025 | 23 replies
(It costs 10k+ to drain, clean, refill the pool so I only do it once an year and this is pretty standard) I think it is matter of if it looks dirty or smells bad when guests use it.
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30 December 2024 | 14 replies
I'm looking around to find some investors to take it from me and just feel a little lost with dispo, i want to make my deals super sweet sugar coated cherry on top for all my investors on my list so what i ask is if you can rip apart this deal for me and make sure i have enough meat on the bone for my investors, below are the statsFirst off address, 1011 Richard Bell Ave Perry FLPurchase price $110,000Seller says the bank is willing to let go of mortgage for $91,000ARV $180,000-$200,000Needs new roof (20 years old) and central ac system went down about a year ago (around 4k for 3 ton ac)Ive been in roofing for about 2 years and im estimating the roof will cost between 18k-20kI take constructive and negative criticism very well and i only want to improve, no opinions are unwelcome i want full scrutiny with this deal please.
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29 January 2025 | 14 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.