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18 February 2025 | 3 replies
If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!
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23 February 2025 | 3 replies
It's very likely they saw the inside condition of the unit before you purchased it and they have the right to inspect.
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21 February 2025 | 6 replies
Let them know that you could purchase at XXXk, you would need a low interest rate for year 1 and 2, interest only.
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22 February 2025 | 4 replies
Purchase price: $320,000 Cash invested: $425,000 Sale price: $445,000 Just missed the market by 2 months on this one.
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5 February 2025 | 1 reply
Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.
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11 February 2025 | 4 replies
There are some HOA's that are in such bad shape they wont allow any type of loans and it must be a cash purchase.
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4 February 2025 | 1 reply
Purchase price: $655,000 Cash invested: $40,000 Sale price: $770,000 Purchase and hold.
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14 February 2025 | 9 replies
Quote from @Bri Hall: I purchased a residential lot that after being surveyed can have two homes placed on it.
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5 February 2025 | 8 replies
Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.
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20 February 2025 | 4 replies
Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.