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23 March 2024 | 8 replies
I will agree that the terms/leverage may not be favorable with a lower score, but with experience you may be able to achieve 75-80% LTC with a low FICO.
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21 March 2024 | 2 replies
However, I've never done any BRRRR in the country, and I'm planning to talk to a few local banks about it to see if they're open.Has any of you guys run a BRRRR project here?
24 March 2024 | 25 replies
American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commission.The National Association of Realtors, a powerful organization that has set the guidelines for home sales for decades, has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on commissions.
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24 March 2024 | 27 replies
DoM is around 77 days.I do agree inventory is sitting right now especially with new construction.
23 March 2024 | 3 replies
I agree with Chris.
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22 March 2024 | 21 replies
This will be my 14th yr in the business and I have client's who are primarily investing from out of the state and country.
22 March 2024 | 28 replies
sell it yourself, FSBO, hire attorney to help with paperwork, list on FSBO website, they often have fixed fee packages. have one price if buyer has no agent and another price 3% higher if they do have one so they are paying for their own agent, like in other countries if market is good agent is not of much help, if market really bad agent is not of much help, Also act like every real estate agent does, in every academic residential RE study does with their own properties versus their fiducial clients, and list the property for more and list it for longer than they recommend to their clients.
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22 March 2024 | 3 replies
This is a pretty weird question, I know, but I am curious.I get that you can do deals pretty much anywhere, and there are good deals all over the country, but I don't believe that the markets are equal in this regard.For example, if the seller has the ability to look at your credit as an investor (which throws out one of the sole purposes of doing a seller finance), versus states/markets that don't require that as much, I would like to know the states/markets where owners checking your credit history is not going to be prevalent in a deal, assuming the seller is willing to do this kind of deal with you.For context, yes, I am a new and aspiring investor, and due to certain circumstances, my credit is currently not the best, but I don't want that to stop me from investing in real estate (which is why I'm leaning to using seller financing).Please no answers saying that I should just raise my credit score and get an FHA/Conventional loan, because I am currently working on raising my credit, but I can't give a time on when my credit will be "back to normal" again, which could mean I could be stuck on not qualifying for a loan for the next couple of years (ain't nobody got time for that).Thanks for the help!
22 March 2024 | 14 replies
Also, if I am traveling out of the country, they are not dependent on my cell plan, as long as I have wifi I can send and receive calls with a virtual number from anywhere in the world.
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21 March 2024 | 2 replies
Hi hope you are all doing great, I am planning to pull out some equity from my primary residence (California) which has been fully paid off. Thinking of cashing out around 300k to build some commercial property on som...