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13 August 2024 | 16 replies
I can't count how many times lenders try to assign a percentage of ownership to a Trustee when numerous attorneys have explained to them that it doesn't work that way, etc...
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15 August 2024 | 57 replies
There were numerous reasons including I was cocky (I expected with my level of rehab experience I would never bust budget substantially).
21 August 2024 | 182 replies
My view is that posts on the impact of Kamala’s policies on RE should be allowed and posts like this one and numerous others should not be allowed.
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13 August 2024 | 6 replies
While I understand that there are numerous variables in flipping homes, this change in approach really stood out to me.
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12 August 2024 | 4 replies
A cash-out refi could result in less tappable equity and potentially higher rates compared to a buyout.In our experience working with numerous clients going through a divorce, most have had to pursue a buyout or sell the home, with very few able to successfully assume the loan.
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12 August 2024 | 1 reply
Some say it’s possible to implement this strategy in Germany, while others claim you can't, due to regulations preventing the sale of mortgaged property before 10 years.There's a lot of confusion and misinformation, and no one seems to have solid information.This strategy is well-documented in the USA, with numerous videos on YouTube.
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20 August 2024 | 452 replies
Wow, we have numerous lenders that will refinance properties which have been rehabbed without a one year seasoning requirement.
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11 August 2024 | 5 replies
There has been numerous violations to the lease.
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11 August 2024 | 7 replies
Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?
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19 August 2024 | 244 replies
I definitely tend to skip any questions that are way too vague or of the TLDR variety.