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19 December 2024 | 22 replies
For example, one of the lenders I deal with requires at least a 700 score for "rookie" developers with no experience and requires a 25% down payment and charges 13% rate and 2.0% fees.
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10 December 2024 | 53 replies
Click link for more info.Join me at In Person Real Estate Meetup https://meetu.ps/e/LsW9D/8pT3T...
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16 December 2024 | 19 replies
Ideally you'd be there too (or a manager if you had one) as that is best practice in my opinion, but being remote you just have to outsource everything to people you trust.
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16 December 2024 | 14 replies
Ideally it pays itself back over the next few years and could be great!
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19 December 2024 | 13 replies
Furnished Finder is a good idea, even if the fit with travel nurses hasn’t been ideal—it might be worth exploring other platforms for mid-term renters or marketing directly to local families in need of temporary housing.One thought: consider offering seasonal promotions or themed packages to draw in more guests, like holiday stays or discounts for longer weekends.
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19 December 2024 | 13 replies
If they are legit and you don’t have any other offers then I’d have the conversation with them but I’d want a higher than normal down payment (ideally 50% or at least more than the normal 20%), a higher than normal interest rate (at least a point above the prevailing rate so like 9-10% right now, but you can structure it as interest-only payments so their monthly payment is still lower than conventional), amortized over 30 but with a balloon in 3-5 years, something like that.
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17 December 2024 | 12 replies
Quote from @Scott E.: I love where you mind is at and how organized your post/plan is.
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19 December 2024 | 22 replies
Ideally primary, but if I can house hack a investment property then I’m open to that as well
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13 December 2024 | 4 replies
Ideally, finding a lender who offers a balance of both is key.