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9 January 2025 | 5 replies
House hacking is a fantastic way to start, but preparation is key.
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11 January 2025 | 10 replies
Also, if it's Lennar, be prepared for problems, insulation issues and therefore paper thin walls.
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31 January 2025 | 22 replies
DSCR Loan (10% Down Possible)Debt-Service Coverage Ratio (DSCR) loans are based on the rental income, not your personal income.Some lenders allow 10% down, though 15-20% is more common.6.
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16 January 2025 | 17 replies
After closing, work on increasing your income, reducing debt, and preparing for a second mortgage.
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9 January 2025 | 11 replies
You cannot deduct your rehab costs until the property is in service.
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8 January 2025 | 8 replies
Make sure you understand the auction process and are prepared for any unseen issues with the property.Auction Considerations: With auctions, pay close attention to the condition of the property, title issues, and financing restrictions.
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13 January 2025 | 6 replies
If a person has to ask, at all, I STRONGLY advise to use a PM service for tenant placement.
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16 January 2025 | 21 replies
What kind of seasoning is generally required as it relates to the rents/revenue as it relates to servicing the note, etc...I currently own one PadSplit (acquired via Subject-to) that has been up just over a month.
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5 January 2025 | 28 replies
Let me know if you plan to make it so I can let the owner know and he can make sure they are properly prepared.
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28 January 2025 | 12 replies
Does he understand, Deeds, Due On Sale, Insurance, tax implications, servicing, contracts and so on?