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1 December 2024 | 25 replies
First, what's your comfort zone for distance?
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7 December 2024 | 150 replies
If I end up with a property, I wouldn't be comfortable with someone in Ohio managing it for me.
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28 November 2024 | 14 replies
@Nik Farooqui You are correct in that GC licensing is never a requirement but it is more of a "silent factor" that can make a lender more comfortable lending hard money and thus the approval and loan process easier.
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29 November 2024 | 17 replies
I would not put Luxe in any STR, even a higher end one as I feel the standard is comfortable and nice.
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25 November 2024 | 2 replies
They are made out of Core Ten Steel, to resist Saltwater environment which requires Virgin Steel.
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26 November 2024 | 1 reply
Some title companies are not comfortable with wholesaling, particularly in states with related laws.
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4 December 2024 | 18 replies
I have studied the market there for a bit now and am comfortable with investing with decent Cash Flow and modest property price gains.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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28 November 2024 | 10 replies
I'm bringing on my friend as a consultant to further our knowledge base and create some additional comfortability with the financial investors.
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25 November 2024 | 4 replies
Given you already have a property, you may feel comfortable enough with the home-buying process and reviewing of the contracts.