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17 January 2025 | 23 replies
So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case.
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5 February 2025 | 1 reply
Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.
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6 February 2025 | 5 replies
With those in mind, would a portfolio purchase get you there quicker, maybe.
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25 January 2025 | 2 replies
Purchase price: $645,000 Cash invested: $516,000 80% cash purchase.2,437 sq ft Duplex, with 3b 2b for the front unit (1331), 4b 2b for the back unit (1333).
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6 February 2025 | 12 replies
Your original purchase is depreciated over 27.5 years.
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6 February 2025 | 8 replies
(Which you could also then do with your new purchase in 2 years.
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3 February 2025 | 3 replies
Primary home is a little easier but for FHA and other programs it requires 12 months title seasoning.There is something called delayed financing that if you purchase a piece of land and pay for the home "All Cash" without a mortgage you can get up to 80% LTC.
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3 February 2025 | 2 replies
No, you cannot purchase a home with an FHA loan via an LLC.
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4 February 2025 | 10 replies
I have several CFO clients that do similar heavy rehab projects in the Midwest (albeit with a lower purchase price), so you can definitely make the numbers work.