It might state you are applying at ABC Bank for an 80% LTV loan with up to an 8% interest rate with a loan of $XXX,XXXSo, if you don't qualify for that loan, or you cannot get the interest rate stated, or maybe the appraisal is too low to an 80% LTV loan for that amount then you can break the deal because you can't get the financing you anticipated but instead you are CHOOSING (based on advice of the loan person) to switch lenders.

Hello David, I am an investor based in Charlottesville VA.

I have brokers lining up some pre-approvals but wanted to see if anyone has had some local success with conventional financing or some type of rehab based loans. 

The requirement for the Section 121 exclusion of capital gains on the sale of a primary residence is indeed based on exact dates, not just the calendar year.

You came to the best possible place to grow your network and knowledge base before your first property.I'd recommend checking out local meetups, BP webinars, and BP books.

I am a CA based investor who's been working with a realtor in Memphis and looking at BRRRR opportunities, but have also considered turn-key options as well. 

Those fees are based on the whole price of the property so selling property with 20% equity can shrink down to 10-15% equity pretty quickly which means you lose between 1/4 and 1/2 of what you made. 

Hi @Lisa Zoubi, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis.

Based on the above projections I receive, I then "run the numbers" to see where I project to end up each month.

When we first connect with every investor, we clearly stress that they should always overestimate their expenses and underestimate their income.We don't include expenses that are variable like vacancy, repairs and capex.We offer a suggestion on what they could be based on the past but we plead with everyone to underestimate their income and overestimate their expenses.Thanks again