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24 January 2025 | 0 replies
Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.
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22 January 2025 | 7 replies
They want to secure housing before they arrive.
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23 January 2025 | 5 replies
This means you can sell, lease, or pass on the property as you see fit, just like any other property owner.Full Ownership RightsYou have the same rights as a Mexican property owner, including the ability to sell, lease, transfer, or mortgage the propertyLegal SecurityThe Bank Trust is a well-established legal mechanism in Mexico, ensuring your investment is secure and protected under Mexican law.Renewable TermsThe trust is set up for 50 years and can be renewed indefinitely, allowing you and future generations to maintain control over the property.Estate PlanningThe trust makes it easier to pass the property on to heirs, simplifying the inheritance process and reducing potential legal complications.Although the process might initially seem complex, it is entirely managed and supervised by a reputable banking entity.
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17 January 2025 | 19 replies
I liked the tenant, school is starting back etc, I told them they could pay first month and security deposit and I would let them have the rest of August for free.
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30 January 2025 | 34 replies
New tenant security scheme that only benefits Suncoast and the tenant - leaves owner paying up at move out.
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15 January 2025 | 34 replies
But the bank still treats it as a secured debt.
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22 January 2025 | 14 replies
My investors acquire with cash as a routine investment strategy to secure properties quickly and eliminate competing buyers using financing.
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19 January 2025 | 6 replies
The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.
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19 January 2025 | 2 replies
If you have that experience, you probably don't need much marketing, as sellers will be reaching out to you directly.Focus on securing one listing at a time and building momentum.
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21 January 2025 | 40 replies
I like that you can setup different virtual accounts for security deposit let's say, or to separately ledger cash collected through a rent to own contract.