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27 January 2025 | 15 replies
It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.I was making an offer on a house a couple years ago and discovered that the owner was paying taxes on an additional house that was on the neighbors lot and didn't know it!
8 February 2025 | 89 replies
This doe t mean that the poster is someone in cohorts or a “supporter” of the person, business or methodology you claim defrauded you.Based on my posts in the other thread on the same topic, I have been receiving emails providing additional information purported to show proof of fraud, though I have NO WAY of verifying it.
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26 January 2025 | 5 replies
In addition to property sourcing, I require an agent who can negotiate effectively on my behalf, ensuring I secure the best possible deals.If you have experience in identifying distressed properties or working with real estate investors in Florida, I would love to connect.
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24 January 2025 | 10 replies
Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.
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31 January 2025 | 5 replies
In addition to the interest of the loan, you'd also be paying this as well.
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29 January 2025 | 9 replies
In addition, you want a separate bank account for the rental property to separate it from your personal accounts.
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29 January 2025 | 22 replies
Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.
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1 February 2025 | 16 replies
This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations
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29 January 2025 | 5 replies
My last note would be to try to buy 3 or less replacement properties, it makes the exchange much easier and you avoid some additional rules.
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13 January 2025 | 11 replies
If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.