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3 January 2025 | 6 replies
I have a rolodex of connections if you would like.Also you can use a combination of the websites belowrentometer.comzillow.com (look for the ones with a lot of applications
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7 February 2025 | 10 replies
Depending on the state, you have to take certain steps before eviction process can proceed.Read up on the state landlord/tenant laws and become very familiar with for future.
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21 January 2025 | 2 replies
Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.
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23 January 2025 | 5 replies
@Anna NickensDeciding between investing in mentorship or self-education for real estate investing depends on your goals, budget, and learning style.
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31 January 2025 | 10 replies
On top of that, depending on the severity of the structural issues, you will also likely run into problems getting insurance on the property or wind up needing to purchase very expensive insurance.
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30 January 2025 | 8 replies
An FHA 203(k) loan is definitely one route, but there are other ways to make it happen that might even work better depending on your situation:1.Private or Hard Money Loans: These could be a good option if you want flexibility.
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10 February 2025 | 9 replies
The breakeven math is very important and I think it also depends on your cash needs.
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10 February 2025 | 5 replies
Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.
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9 February 2025 | 8 replies
Depending on how much time you have before needing to dissolve the partnership, the partnership can sell all the properties and complete 1031 exchanges to defer the capital gains tax.
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21 January 2025 | 4 replies
@Blair Ross Jr depends on how much experience you have with investing in rental properties.