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11 January 2025 | 9 replies
I find that depending on the market $300-500/mo are fairly normal and if compared to what you would pay with a single family home on some utilities, maintenance, and management, it's a good deal.
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10 January 2025 | 12 replies
For example, I have a private lender that gives me 8-9% on the rate for rehab costs when I am usually getting about 10.25-11.25% on the rehab costs from hard money lenders, and the HML is not sending the full money upfront, but in draws (this is normal for most HML) which is a lot more cumbersome.
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4 January 2025 | 9 replies
We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.
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2 January 2025 | 2 replies
We Normally put steel posts nearby so no one runs into them.In the third picture one unit is just in front of the picture, then a second unit is at the far end on a post.These can be set off by deep fog, rain or sleet.
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1 February 2025 | 56 replies
My experience has been that purchase transactions where the buyer has no or little skin on the game have a default rate many times that of buyers who place a significant down payment into the deal.
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4 January 2025 | 4 replies
There’s normally action items that can be implemented into your management process that are more effective.
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9 January 2025 | 116 replies
I was honest about my inability to do the deal with a normal 20% down(probably could have but didn’t want to) but if the seller could carry 10% I had enough cash ready and could close within 60 days.
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19 January 2025 | 354 replies
Originally, the 10% fund was slated to close in early November but according to Jorge on a recent investor update webinar, his attorney informed him AHP was able to submit a particular form to extend the fund for up to a year (normally it can only stay open for 2 years from launch).
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27 December 2024 | 8 replies
They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?