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3 January 2025 | 9 replies
You may borrow an additional $35000 for hard cost improvements.
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6 January 2025 | 57 replies
So % vs % on borrowed funds for investing, trading on margin is much more expensive, WAY higher risk, AND now even MORE loss of control because when these things out of your control happen you have no control for the status of those "assets".
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21 February 2025 | 182 replies
Just for the record I bought my property in Ocala in 2017 for about $145k (3/2) and it had survived 2 hurricanes, appreciated $100k+ and has rented very well so she wasn’t remotely close to being correct. fast forward a year or two later and I got an email that Wagner had split from Jean and “borrowed” all her contacts and they are no longer associated with anything he markets.
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29 December 2024 | 12 replies
If the borrower already was foreclosed on, how are they still in the property and available to do the deal?
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5 January 2025 | 12 replies
- 6% rate at 30 year each $100k borrowed adds $600/month.
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9 January 2025 | 9 replies
I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.
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11 February 2025 | 167 replies
FHA has no guidelines specifically providing conditions where Bitcoin could be recognized as an acceptable source for funds to close.The way I read this, Coinbase (or the chosen cryptocurrency clearing house) would need to fully comply with every single thing that Bank of America and Fidelity does to verify your identity, and then issue regular normal vanilla bank statements (if you have to use the word "but..." to argue for how the thing is a bank statement, it's probably not a bank statement), which they currently do not (hours spent on customer service, clicking around my account & the borrower's account, etc etc).
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31 December 2024 | 4 replies
Quote from @Chris Seveney: If you can borrow private money for that period of time at 10% that is a very good rate.
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21 February 2025 | 250 replies
OR hyperinflation to print and borrow to make debt servicing on that debt.
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9 January 2025 | 14 replies
Bankruptcy will affect your ability to borrow for a long time and unless you know why you got in that position and change that behaviour, you aren't going to be any further ahead.If you think you can save $60K in 5-6 years, you can also pay off that debt in a year and then take the next few years to start saving for the down payment.