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6 February 2025 | 2 replies
When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.
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17 January 2025 | 9 replies
I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area for a medium rehab project.
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6 February 2025 | 5 replies
Keep in mind, it would be in your best interest to go for as high as 4 units on each purchase to maximize your door count.
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27 January 2025 | 1 reply
Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).
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21 January 2025 | 13 replies
With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.
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2 February 2025 | 9 replies
I have success in helping my out of states and foreign investors purchase properties with this type of loan.
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28 January 2025 | 1 reply
Typically homes in-between tenants, or a new purchase with intent to have renters within 30 days this is allowed.
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24 January 2025 | 0 replies
Purchase price: $275,000 Cash invested: $275,000About this homeBeautiful 2 bedrooms 1 bathroom condo in the convenient location of Rowland Heights, close to bus stop, supermarket, schools, shopping centers etc. newer counter top in kitchen and bathroom. 2 parking spaces and storage room.
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26 January 2025 | 5 replies
If not, I most definitely would reach out to the tenant, introduce myself and ask if they are going to be out by the 31st or the 1st, I would communicate to the tenant as if I know they were told they are expected to leave, otherwise you may find they "do not know" they need to leave even if they actually know they need to leave....In the case they claim they are not aware they need to leave, you would need to follow the laws in the state you purchased the property, usually you can find that info on the states judicial branch or speak with a landlord tenant attorney.
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24 January 2025 | 4 replies
Also, you are not going to be able to purchase a property subject to if you are dealing with a realtor.