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20 November 2024 | 45 replies
Last two loans I did they did an Mai at no charge and they forgot a floor plan and had to get a one off for that one and no charge.. only thing we pay for is title insurance and escrow fee and property tax's and transfer tax if any.
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15 November 2024 | 17 replies
The rule I plan to enact is paying myself 10% of the revenue generated from wholesaling quarterly.
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17 November 2024 | 10 replies
Sounds like a good plan with BRRRR in Columbus, Brad!
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7 November 2024 | 1 reply
here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?
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14 November 2024 | 8 replies
That depends on how many units are in your MF, what your longer term goals are and what kind of lifestyle you want.If there are a lot of units or you plan to have a lot of units in the future then invest in setting up good systems now.
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14 November 2024 | 8 replies
I think I’m more focused on long term gain, some short term cash flow is nice but I’m not planning to try and live on it or anything.
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15 November 2024 | 3 replies
Are you hiring a GC or planning to GC on your own?
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19 November 2024 | 21 replies
I plan to continue to work with them as they have been very instrumental in helping me map out my investment goals and strategy.
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17 November 2024 | 9 replies
Cost Segregation is a great tax planning tool.
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15 November 2024 | 2 replies
Also curious how much you plan to rent each unit out for?