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15 July 2024 | 4 replies
@Greg ScottPeople don’t know what they don’t know and think they are doing something great by raising $ and hoping to reap the rewards - not understanding that if it goes bad it can go very bad for them.Mauricio also posted a LinkedIn post on this and it’s always been a challenge and for those who have sales people but cannot pay them a commission like most sales jobs offer unless they are licensed.
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15 July 2024 | 9 replies
You sell the house, pay off the hard-money loan, and keep the profit.
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16 July 2024 | 7 replies
The benefits to using available cash to fund multiples investments as opposed to paying all cash for one investment seem pretty self explanatory, but the largest benefits...especially in real estate...are likely the ability the spread risk across multiple investments and the ability to make multiple investments in a shorter period of time, allowing your cash flow, equity, and ultimately potentially your net worth to increase at a faster pace.To answer your question about traditional financing directly, yes you can obtain a traditional mortgage and put a large cash down payment down, essentially financing 'part' of the purchase price.
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15 July 2024 | 4 replies
Hi Aqsa,I'm bias but then again, I've owned real estate all over and haven't found a better market for sub $100,000 than Toledo.Low entry price pointHigh cashflowEmployed tenants that pay rent onlineDecent areas with well kept homesNot much appreciation so IMO it's a strict cashflow play.If you find and buy off-market you can snag some great deals for sub $60,000 purchase and rehab.Quality of workmanship is the downside and so is motivation of other folks needed to make investing from out of state work.So beware.These are the downsides bit like with any market, you will always have pro's and con's.All the best 👍
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15 July 2024 | 26 replies
Im getting tired of paying on this mortgage, im ready to see some income.
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16 July 2024 | 7 replies
I understand the processor bankruptcy caused a big disruption but it also seems like FTF (Upright) was overly leveraged because they've proceeded mass sell their loan book, which means if you held one of the loans that will be sold you will receive no interest until due diligence is completed and possibly a hit to principal depending on the final price the buyer pays.
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15 July 2024 | 8 replies
if you already sent him some money and he now wants more then I can tell you that you have run into a fake lender scammer.. on line profiles mean diddly squat.U can play the private lender game all you want.. just never ever send them any advance fee's unless you pay for a 3rd party appraisal directly to the appraiser..
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15 July 2024 | 7 replies
It’s difficult to get a line of credit on an investment propertyI would just get a PM and pay them to manage it.
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15 July 2024 | 1 reply
No wonder so many owners stop paying taxes on them and just let the government take the lands.
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14 July 2024 | 2 replies
Hi all,I just met with a real estate broker and they let me know that in Washington the buyer is technically responsible for paying the buyers broker commission upon closing.