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10 January 2025 | 2 replies
Looking at this mathematically, if you assume a 50% non-renewal rate (industry standard) and use the low end of the range of $5,000 per non-renewal, there is a loss of $50,000 per year on a 20 unit property.
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15 January 2025 | 15 replies
After that make sure you have your property up to standard before placing a tenant.
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3 January 2025 | 14 replies
We have been in touch with a few investor realtors in the Knoxville area, which seems to be largely discovered now.
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10 January 2025 | 6 replies
These are non-standard setups.
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8 January 2025 | 14 replies
Reason why is because FDIC Bankers "Do Not" charge points on traditional programs like primary homes, standard investment purchase and refinance, Second home/vacation homes.Lenders, Brokers all charge points to meet their Loan officer compensation plan (commission).
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19 January 2025 | 47 replies
Once these type investments develop a history, I can see a market similar to peer to peer lending where default rates become standardized and known.
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6 January 2025 | 11 replies
@Michael Klinger As others posted, SoFi and Discover personal loans are good options and I've used them in the past. 2-3 business days from application to funds in my checking account.
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12 February 2025 | 75 replies
The standard cost for another wholesaler finding you a buyer is 50% of the profits from a deal.
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3 January 2025 | 19 replies
The challenge, as you’ve discovered, is that traditional HELOC lenders typically want the property titled in a personal name rather than an LLC.
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8 January 2025 | 11 replies
The rules and payment standards vary significantly from one area to another, so familiarizing yourself with the local housing authority's procedures is key.