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15 January 2025 | 8 replies
Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.
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14 January 2025 | 9 replies
However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.
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12 January 2025 | 23 replies
. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio.
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12 January 2025 | 7 replies
my condolences on your recent lost.there are a few ways you can do this, as mentioned above you can take a heloc on your primary residence which will give you a second mortgage, first mortgage payment wont be impacted. you can do cash out refinance which will give you one mortgage and payment. it will pay the old mortgage and give you money in your pocket to pay for the rehab.or you can do a renovation refinance which is similar to cash out refinance but we would contractor involved as part of the refinancing and they are paid through the loan
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13 January 2025 | 11 replies
Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.
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7 February 2025 | 12 replies
Take the average household income in an area of working class residents.
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26 January 2025 | 24 replies
The first warning I always do written (via email), second warning is an official letter on their door saying they're violating their lease to allow other residents the right of enjoyment (if you put this in your lease).
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1 February 2025 | 30 replies
Take advantage of the Capital Gain deduction of $250,000 in primary residence per “spouse”. 2.
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9 January 2025 | 46 replies
Wholesalers are going to have to be legal honest and perform if they want to get a deal done.The rule about non licensed appraising is huge.
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13 January 2025 | 3 replies
I had planned on buying a new primary residence that needs a rehab that i can get way under market value.