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12 January 2025 | 5 replies
I would like to speak with local investors, real estate agents, property managers, lenders, etc. from the area.
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7 February 2025 | 115 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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29 January 2025 | 11 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.
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24 January 2025 | 3 replies
Some mentorships include online training, weekly meetings, networking opportunities, tools, and access to speak with other investors/mentees.10.
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15 January 2025 | 6 replies
He may be actually speaking about a "Wrap".Find out if actual ownership converts to youMake sure you have a title reportYou may want to pay for an appraisal and an inspectionMake sure you use an escrow company or an attorney to do the transaction Hi Ken!
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17 January 2025 | 4 replies
She speaks at a lot of meetups locally as well.
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17 January 2025 | 22 replies
.- in this higher rate market, i find BRRRRs to be challenging because after a high LTV refinance the units have negative cash flow.
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28 January 2025 | 8 replies
In speaking with a lender, I am told that the equity in the property can be used as collateral against the loan if owned for at least 1 year.
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25 January 2025 | 5 replies
I would definitely speak with an attorney before selling/disposing of the property prior to the court addressing the joint assets - you could easily open a can of worms.
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21 January 2025 | 4 replies
Fannie mae allows you to transfer your loan into an LLC, but it is recommended that you speak to your loan servicer and ask that if they themselves will allow you to do so.