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24 December 2024 | 44 replies
Forced appreciation allows me to build equity from the beginning of the investment, so if I need to firesale for an unforeseeable reason, I will likely not be underwater.
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17 December 2024 | 3 replies
They are farily easy and do nto require much to get started and the Max LTV is going to be 75% but I have seen some exceptions to 80%.Rates are subject to a few thing like loan amount, property type, number of units, credit score and downpayment.DSCR allows you to purchase with No employment and No tax returns so its a little easier.
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17 December 2024 | 4 replies
(I would not specify how much.)If the property needs a ton of repairs, then even buying it subject to the existing mortgage may not be enough to make this a viable deal.You need more info, and fast!
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19 December 2024 | 3 replies
Alternatively you can do the LOC (line of credit) on it so you can retain the home but are definitely subject to today's current rate environment.
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15 December 2024 | 7 replies
If you aren't going to assume the loan as discussed in #2, then you could do a "Subject To" deal where you just take over payments BUT that is really only good for the seller if they are facing foreclosure.
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23 December 2024 | 10 replies
While podcasts, books, seminars, and websites offer general knowledge, you'll buy a specific property in a specific location, subject to local rules and regulations.
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18 December 2024 | 6 replies
Andy Sirkin (fantastic legal team from SF) has a library of free online articles and a set of agreements to purchase, to help you on your way to become a Subject Mater Expert. https://andysirkin.com/article...Elizabeth and Christina (The Rental Girls) have done a great job pioneering the shared ownership (TIC's) model in Southern CA.
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15 December 2024 | 10 replies
I would start a water line replcement business make far more money doing that than we would owing rentals :) On a related subject you have the waste lines that were clay etc.
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28 December 2024 | 8 replies
When ever I had gotten too persistent about sending photos, he would change the subject or find a reason why he couldnt document the progress.
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24 December 2024 | 23 replies
Go to your favorite podcast app and search for real estate, multifamily, or syndication and you will find many podcasts that talk about those subjects.