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21 January 2025 | 13 replies
Start by talking to your bank.
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15 January 2025 | 11 replies
And your bank is not requiring any sort of paydown of the mortgage for a partial release.
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16 January 2025 | 1 reply
.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.
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10 January 2025 | 4 replies
The only issue appears to be the missing breakers and it being turned off by the bank.
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16 January 2025 | 17 replies
Get the bank financed property first, while you have the DTI.
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15 January 2025 | 8 replies
It's actually harder if you are currently living in the property, want to cash out, and then have it as a rental as you haven't proven to the bank that the property will cash flow $600 a month on top of the NEW mortgage costs. 1.
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8 January 2025 | 7 replies
I purchased the property from the Shelby County Land bank.
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15 January 2025 | 13 replies
It also identifies signer names within the documents, allowing you to uncover the owners behind the ownership entities.Currently, lenders primarily utilize the platform to monitor client and bank activity, but we're exploring options to tailor the tools for investors.
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7 February 2025 | 12 replies
Basically/Hopefully that is watching rents hit your bank, and occasionally calling a repair service as needed.
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13 January 2025 | 8 replies
Nomad also held the renter's deposit hostage even after I cleared the transfer with no damages to be charged.I had to remind Nomad there is a difference between “can” and should” , while you “can” hold a deposit longer it “should” only be done when there is a question about damages.My bank liked the guarantee, the disorganization inside Nomad and the horrible vendor management would cause me not to use them again.