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22 April 2022 | 0 replies
At proforma would be 3500/monthUse 70k buy 4 family around the corner (Hard money) Cash flow would be identical. 2k cash flow after 3 months and at proforma 3500/ monthLeaves me with about 210k in pocket, lets say 40k in updates between both so total would be:170k in pocket, 8 units, 4k cash flow with potential to cash flow 7k.
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25 April 2022 | 5 replies
When they actually apply, I am looking at their full credit report, criminal history, address and identity verification, Landlord references, proof of income/employment, etc.
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28 April 2022 | 64 replies
Which again, in this situation, you could probably switch from 20% down to 10-15% down and it would be the identical same cash out of pocket.There’s a lot of perspective to have in these situations.
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28 April 2022 | 4 replies
A major advantage of have property in a land trust is concealment of the true owner's identity.
4 May 2022 | 8 replies
My title company told me if we transfer to an LLC where ownership is identical, the title insurance originally purchased at closing continues to cover us, but once ownership interest changes, it does not.3) @Sean Rooks gave you a great investor list.
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1 December 2021 | 8 replies
Property ownership and mortgages are also public records, so hiding your identity is very difficult.
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2 December 2021 | 16 replies
Materials were identical.
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1 December 2021 | 2 replies
Rates are almost identical to primary rates as long as credit is fair to good.
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13 May 2021 | 17 replies
The ARV is at $240k (there is a direct comps from an almost identical property few doors down sold recently).
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4 August 2021 | 3 replies
You could almost make a case for selling, taking the tax free gain and buying an identical house to rent out without the built in tax liability if you’ve lived there 5-10 years and have 100% appreciation.