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26 December 2024 | 7 replies
Make sure you have a reserve.
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29 December 2024 | 7 replies
And then Character and capacity and experince you need them all and that will get you the best rates.. currently I am at 1/2 point No other fee's other than title and escrow and the bank even paid for my MAI appraisal as I had them do 6 floor plans at once so we dont need to have new ones done when i pull each loan.. rate is 7% with an interest reserve If I want one..
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28 December 2024 | 24 replies
Having cash reserves AND income in case something comes up is incredibly important.
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28 December 2024 | 13 replies
ALSO, I have not had to do an eviction following a partial payment agreement (so I don't know exactly how that would pan out in our courts), all of my tenants have so far completed their payment agreements as signed.Multifamily Northwest has forms for these types of things available via the Rental Forms Center at https://rentalformscenter.com/ Their forms are typically well reviewed by local attorneys; as you'll note, on the Partial Rent Payment Receipt there is verbiage specifically about if the landlord has/has not served a termination notice and reserving the landlords right to eviction if the agreement is not completed.
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26 December 2024 | 9 replies
Then you can take them off-site yourself so you have time until the next changeover or create another option for the cleaners that they go back and finish the sheets and store them so their changeovers will be easier as well.
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20 December 2024 | 0 replies
First, obviously leverage is the MVP, but this isn't my first interneting, I know controversial titles get more attention.
Second, I’m a recent convert to Pocketarianism. Bogleheads was the source of most of my forma...
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19 January 2025 | 47 replies
For too long, owning property—or even a share of it—has been reserved for those with significant money, time, or connections.
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26 December 2024 | 2 replies
Finally, of the extra $200k, how much are you putting into operating reserves?
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24 December 2024 | 2 replies
The human race has historically been poor at predicting future, so it's wise to prepare for multiple scenarios.Mortgage rates in 2025 may decrease slightly if inflation stabilizes and the Federal Reserve eases rates, though they are unlikely to return to pre-pandemic lows.
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23 December 2024 | 10 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.