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8 November 2018 | 100 replies
So the quicker I got stuff done the more work they gave me.
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10 October 2018 | 1 reply
As with any loan, if you pay extra each month or once in a while above your required monthly payment, you’ll pay the loan off quicker.
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17 October 2018 | 3 replies
This process tends to be quicker and the goal is to buy and then turn around and sell as fast as possible.
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11 October 2018 | 7 replies
@Anisha Knox cash offers usually 30 days could be quicker if title company is good.
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11 October 2018 | 2 replies
That $4k goes towards my holding cost for the 2 months of repairs so I am able to get into the house with minimal out of my pocket at a much quicker pace than going conventional and/or paying higher fees and interest to a HMLWould love to hear some feedback on if this is a good strategy or not.
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15 October 2018 | 8 replies
Denver entered the 2008 real estate crisis earlier than most cities, fell less in value, and returned to growth quicker than other cities of similar size.
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22 October 2018 | 14 replies
I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?
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14 October 2018 | 6 replies
I feel like I might’ve gotten it rented quicker with an agent but I’m learning a lot.
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28 January 2019 | 3 replies
I figured I could use the Heloc, which would give me another cash flowing rental to pay off the Heloc quicker than saving up down payment.
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24 October 2018 | 21 replies
Your sellers can finance it themselves and get closer to the list price, they will make more money with the financing, be more flexible, possibly and take a second note on the down payment which can be shorter, spread out to their income, and possibly sell it quicker.