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17 January 2025 | 5 replies
It was a personal referral, received a credit at closing for renovations as well How did you finance this deal?
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22 January 2025 | 5 replies
One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.
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24 January 2025 | 12 replies
What is your credit score?
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21 January 2025 | 3 replies
Another possibility could be a home equity line of credit (HELOC), if you have sufficient equity in another propertyGood luck with your project!
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31 January 2025 | 8 replies
Get a line of credit from a bank that leverages your equity without refinancing the properties.3.
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27 January 2025 | 7 replies
@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?
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14 January 2025 | 8 replies
Half of the PM's down here can't read contracts, don't know how to inspect a property for damage, etc. - they just use whatever contractor is giving them the most free stuff at the time.
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12 February 2025 | 75 replies
I would say the average when you’re starting out is 30-60 days to get your first check or wire transfer.DO I NEED CREDIT, AN AGENT, OR A MORTGAGE COMPANY TO WHOLESALE?
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19 February 2025 | 32 replies
@Byoung Bae would NOT recommend an inexperienced investor try to DIY manage OOS anything other than a Class A rental.The odds are against you and you will statistically lose a LOT of money.Read below for some friendly advice:-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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13 January 2025 | 2 replies
That one is a big deal for rebuilding.I've also heard of property tax reductions for properties significantly damaged during the storm.Depending on the property and what you want to do, the hurricanes affected property tax, insurance, and permitting in a lot of ways.