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14 January 2025 | 1 reply
I have flipped new homes and townhomes but phased out raising a family and now am focused on utilizing my skills which are building, selling, expanding a circle of influence to focus my effort on the above.
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11 January 2025 | 67 replies
The same is true if you would want to sell it at some point.
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19 January 2025 | 2 replies
Just try to sell it to someone else for anything so you don't lose all of your money.
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2 February 2025 | 4 replies
You are only adding complications and costs with the LLC with no upside This is all assuming there’s been almost zero appreciation and you shouldn’t sell tax free while you have the chance.
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16 January 2025 | 6 replies
From a personal standpoint I target 70% LTV for any investment I have that way gives me ability to sell it if I need too
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11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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20 January 2025 | 1 reply
Hello,Little background I’ve been buying and selling since for 15 years.
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24 January 2025 | 6 replies
I don't have to rehab before I sell to the tenant buyer, they do all of the work.
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6 February 2025 | 19 replies
To answer your questions here though:Alternative options - I was going to sell all my stocks and etfs, take out a HELOC, and some credit cards to try to shoestring together enough to the deal without a hard money loan.
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16 January 2025 | 1 reply
We are selling properties first come first serve.