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20 August 2024 | 21 replies
Property managers fundamentally do two things: manage your asset (lease, maintain, accounting, anticipate) and reduce your liability. 2.
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18 August 2024 | 16 replies
@Lee GuyYes, all of the listing will appear at Hudhomestore.comHowever, only the ones listed under the GNND program are eligible.
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16 August 2024 | 16 replies
Because conventional is the best product IF you can qualify and/or eligible for it in all cases. so, that should always be the first look.
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16 August 2024 | 10 replies
That should abate in the next 12-18 months, and as new units stop hitting the market at their current pace, Phoenix may see solid growth, especially as the market seems to have solid inbound demand fundamentals, good jobs, tech presence, etc.
15 August 2024 | 2 replies
In regards to the sale of their homes, it depends on who owns the homes, how many years it has been their primary residence etc. as it may be eligible for exclusion from capital gains.You also have to take into consideration for yourself, depreciation recapture as well as potential capital gains on your rental property.
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17 August 2024 | 30 replies
I will add some data points based on my research.BMO harris in IL only allows for you to own 2 investment properties after that you are no longer eligible for Heloc.
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16 August 2024 | 21 replies
I'm trying to buy my first investment property with ~$100k saved up.My brother started his first W2 job last month that pays $45k/yr+ commissions.I plan to get a minimum wage job/an entry W2 job since I'm still in college and to hopefully qualify for a bigger loan.A lender estimated we'd be eligible for a $300k loan with $100k down, and a $2,500/mo payment on a $400k property with only my brother's income as of now.California is too expensive for us so I have been looking into out-of-state investment properties.What would be the best investing route for us to take to grow our wealth?
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15 August 2024 | 7 replies
Certain renovation costs can be eligible for Qualified Improvement Property (QIP).
14 August 2024 | 7 replies
Quote from @Daniel Rabinov: I’m new to REI currently looking to acquire multifamily properties in the North Miami Beach, Aventura, and Hollywood areas that meet the following criteria:Price per Unit: Maximum $250,000 (4 PLEX MAX 1M)Cap Rate: 7.5% or higher as-is not pro formaValue-Add Potential: Properties that offer the opportunity to renovate, improve, and increase rents or overall property value.My focus is on underperforming properties with strong fundamentals that are located in these markets.
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14 August 2024 | 1 reply
Hey Devin, They can definitely be overwhelming, but they’re crucial for making informed decisions in real estate.As a hard money lender, I often focus on a few key metrics when analyzing deals:ROI (Return on Investment): This is fundamental for assessing the overall profitability of a deal.