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19 April 2023 | 7 replies
Sweat Equity, Building out the property myself 3 days a week .
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21 December 2023 | 5 replies
At a minimum, assuming the cost estimates are correct or you can put in sweat equity to compensate, you should have a primary house with equity, no PMI as you mentioned, and little to no money left in the deal.
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4 January 2024 | 1 reply
So, don't sweat the "no cashflow" thing.
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4 January 2024 | 10 replies
Additionally, l will have between 25k-35k saved in the next 6 months for a down payment.Any advice is helpful.Jordan Sweat equity and house hacking might be the best route to get into Real Estate investing.
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2 January 2024 | 9 replies
So, don't sweat the "no cashflow" thing.
18 December 2023 | 6 replies
If house hacking is out, find a fixer-upper to put some sweat equity into.Feel free to reach out.
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9 January 2024 | 4 replies
Alternatively you can ask the realtor how they came to those numbers (usually its just what the seller wants).Don't sweat the difference, stick to your numbers if you're confident in them, all you're really looking for is to start the conversation!
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8 November 2023 | 3 replies
If you are handy and can put some sweat equity into the home you buy, that can be just as powerful as house hacking.
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8 January 2024 | 5 replies
If you shared the down payment then split should be 50/50 unless someone is putting in work or sweat equity.
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28 December 2023 | 8 replies
They also will want to avoid paying taxes as much as possible (as we all do)- My expectation is that the investors will each bring, say, $200k to the pool, and my financial contribution will be negligible in comparison; my primary contribution to the investment will be the sweat equity.- Would it be reasonable to purchase a property with their contributions and keep the cashflow for myself since they're less concerned about cashflow and more concerned with their ROI?