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3 January 2025 | 7 replies
A HELOC is probably going to be at least 8% right now, so would you be making more than that on your money if you choose to take out a HELOC to fund the work?
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11 February 2025 | 1681 replies
It's easy to see why scammers would choose to operate in the very cheap property space, and I don't see this scam working out as well if at all with $100k+ properties.
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12 January 2025 | 185 replies
Also, even if it's true that is has been working to avoid the DOSC so far, my understanding is that any "outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a term greater than three years, lease-option contract or any other method of conveyance of real property interests" can trigger the DOSC (quoting the bank definition of transfer or sale), meaning that banks could still call these loans due despite the executory contract/land contract if they so choose.
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3 January 2025 | 18 replies
I feel like having such a low payment and rate make it stupid to choose selling the house, but since I haven't been in this position before, I thought I'd ask here. to d The other consideration you would want to consider is your VA entitlement if you are hoping to buy the next house with a VA loan.
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8 January 2025 | 11 replies
**Selecting Properties**: When choosing a property for Section 8, focus on neighborhoods with strong rental demand.
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7 January 2025 | 16 replies
Therefore, due to the local jurisdiction, sometimes we choose to mutually terminate the lease and write a new one instead of modifying the original by agreement.
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5 January 2025 | 4 replies
There are many good companies around to choose from.
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6 January 2025 | 5 replies
Choosing a higher deductible MAY allow you to maximize cash flow, but as you know, every investor's situation is different.
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2 January 2025 | 10 replies
Miami is still doing well, Fort Myers is adjusting and has lower real estate than 12 months ago, etc..)My simple thought, for what it is worth, is choose a place to live and not invest in: choose the location you and your family WANT to live in ( because of the schools, taxes, weather, other family there, etc...) and then buy and do real estate there (and get whatever licenses you need once you start third party management).I wish you well!
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5 January 2025 | 17 replies
For context, downtown Alexandria performs super well as a rental market and bringing in $5.5k+ as the monthly rental income if you choose to move out of the househack in the future will be absolutely feasible (depending on the property of course).