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6 January 2025 | 7 replies
-Rehab funds are usually held in escrow, which will require you to request draws. 2.
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8 January 2025 | 22 replies
Quote from @Guillermo Perez: Can someone please let me know if this is ok for my first BRRRR.I got a $200k HELOC on my primary residence to help fund my first BRRRR.
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21 January 2025 | 40 replies
The property account has a Deposit subaccount so I can track/hold refundable funds separately.
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20 January 2025 | 14 replies
In mid February, many tenants get caught up when they start getting their income tax refunds (depending how fast they file).Income tax refunds also give tenants the needed funds for first month of rent + security deposit, so they can move.Check out this graph, which was created from tens of thousands of data points:Regarding your property, suggest the following:1) Where specifically is it being advertised?
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9 January 2025 | 5 replies
Get on a budget, build your emergency fund, pay off all debts, save up.
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3 January 2025 | 11 replies
That said there are some nuances and requirements to property implement interest tracing so ensure you talk to your tax professional ahead of time and keep the funds movement as clean as possible.
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31 January 2025 | 121 replies
Hello,I recently transferred my traditional IRA into a SDIRA / checkbook LLC account and am working on closing on my 1st investment property.
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9 January 2025 | 5 replies
Most banks/credit unions have clauses that prohibit borrowed down payment funds or seconds on the property.
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9 January 2025 | 46 replies
Gap funding has been helpful to some so that the "wholesalers" can own the property before they market it to other investors.
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8 January 2025 | 1 reply
If you assign the contract get proof of funds in advance and make sure they are trust worth.