31 May 2019 | 6 replies
It was only until I started listening to the Bigger Pockets Podcast that I started thinking about refinancing, but it seems like selling might be more advantageous at this time, and applying the BRRRR strategy in the future.
2 June 2019 | 9 replies
@Klodian H.Please note that while there is certainly asset protection for 401k plans at the federal level generally, please note that for individual Solo 401k plans (as opposed to a 401k plan that you might have through a day job) the federal protection outside of bankruptcy does not apply such that one must look to the state level where the creditor protection may not be as robust.
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3 August 2018 | 7 replies
The money you hold is for last month's rent but she didn't give you notice in time to apply it.My response would depend on how good of a tenant she is, the condition of the property, etc.
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10 August 2018 | 2 replies
Let’s say you then build an accessory dwelling unit valued at $75,000.You would add $156,000+$75,000=$231,000So $231,000 is the new assessed value of the home.Does Prop 13 Apply to ADUs?
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3 August 2018 | 6 replies
It seems like this applies when they get multiple offers.
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7 August 2018 | 4 replies
Not sure if I it makes sense to do both at the same time or if I should wait until the refinancing is done to then apply for mortgages.
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16 August 2018 | 8 replies
If you choose Lowe's find one of their 10% off coupons, it can be applied to flooring.
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8 August 2018 | 3 replies
At the time we bought, there were no such thing as fractional mortgages, so we had to apply for a shared mortgage.
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7 August 2018 | 0 replies
He brought up a 60% Heloc Strat....Example given:$100,000 3/2/1 SFH$1,000/ Month Rent Rate30yr Mortgage 5.0%Option 1: 20% down20% down 20k, Mortgage payment of $430/month+$245/month expenses, cash flow $325/month ($3,900yr) + est $1200 in equity payed down... for a gain of $5100yrOption 2: 60% down60% down 60K, Mortgage payment of $215/month+245/month expenses, cash flow $540/month ($6,480yr)+ est $480 in equity payed down.. for a gain of $6960yrOption 3: Heloc 60% strat60% down 60k, Pay Mortgage payment of 215/month first 3 months, then apply for a 15yr HELOC ~5% for the 40k remaining of loan.
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7 August 2018 | 1 reply
The lenders that we have applied with are requiring 25% down, which depending on how much the property is that you're buying and what rehab costs may be could push you over the amount of money that you have to put down.When we get some numbers I will reference you to the company that gave us the best interest rate, and possibly if I learn more I will share with you what I have found.Another thing to take into consideration is that when you are beginning to apply for mortgage loans to get pre-approved, you have a short window of approximately 14 days according to most Credit Score companies to get several quotes.