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31 October 2024 | 7 replies
Knowing the jargon is essential.
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5 November 2024 | 28 replies
Essentially someone that isn't hungry to get you into any property, but has your best interest in mind to get you in the right propertyTips / General Comments- Look at inventory first thing every morning- Go and see several properties - don't fall in love with the first one you see, and don't wait until the perfect duplex comes up to have it be the first one you see-understand how much work each property needs.
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31 October 2024 | 29 replies
Here in California, that essentially means that the buyers earnest money deposit wouldn’t be at risk regardless of what they did.
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1 November 2024 | 17 replies
You could find a lender that can go up to 80% LTV, thus even if there is this amount of closing costs, you still are ending up not bringing any money to the table, and essentially financing the fees.
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30 October 2024 | 5 replies
I am currently living in the property by myself and plan to rent the house after some essential repairs.
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31 October 2024 | 3 replies
In a bear market, it’s essential to buy well below market value and stick to high-demand features buyers are prioritizing.High Inflation: During periods of high inflation, the cost of materials and labor often increases, cutting into profit margins.
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28 October 2024 | 6 replies
I have a loan estimate from a lender that increases the loan amount by ~$3500 which essentially cancels out the out of pocket expenses, and reduces my rate to 7.5%.
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31 October 2024 | 37 replies
It looks to me like you would be essentially giving WWC a loan to be paid back through the property's earnings or a refy or a sale...and then you would get 65% of all proceeds after you get your invested capital back...Most syndications I have seen, the sponsors offers a preferred return (6-8%) on the investors' capital until the capital gets repaid in full.
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1 November 2024 | 19 replies
It is essentially a promissory note/personal loan using the note as collateral.
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4 November 2024 | 34 replies
For properties like these, the condition and price often don’t warrant upfront financial vetting, and too many barriers can add friction to the process.When it comes to lead times, I agree they’re essential for occupied homes—if tenants are involved, a 12-24 hour heads-up allows everyone to prepare.