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10 October 2024 | 9 replies
Hey everyone,My name is Hadar Cohen, and I'm a new foreign real estate investor.I recently received a loan of $120,000 in my home country at a 6% interest rate, giving me the full amount needed to purchase a property in the U.S.I understand that it’s common practice to finance a property by taking out an 80% loan from a hard money lender at around 11% interest.
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8 October 2024 | 12 replies
I'd like to find out what a somewhat standard practice out there looks like.
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9 October 2024 | 12 replies
For example, you mentioned you have times when you have availability, but what would happen if the practical was not completed during that time.
10 October 2024 | 0 replies
Therefore, you may struggle to cover expenses from rental income until the current lease expires and you sign a new rental agreement.Selling rental properties in high-tax states in exchange for a similar property in a more landlord-friendly state is a common practice for rental property investors.7.
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7 October 2024 | 2 replies
Both practices are largely unregulated.
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4 October 2024 | 0 replies
Have Empathy for your Landlord. We all get it...receiving news of a rent increase can be frustrating for a tenant who's balancing their own financial responsibilities. However, Landlords face even greater cost pressur...
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10 October 2024 | 24 replies
On a practical note, I find dealing with locks and keys as an annoyance.
11 October 2024 | 27 replies
The standard industry practice is around a 1% origination fee, but the borrower can decide how many points they want to pay.
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5 October 2024 | 5 replies
These platforms ensure that you obtain legally binding electronic signatures for the release of information forms as part of the application process.In practice, while some landlords might accept pay stubs at face value, your approach to verifying employment directly is prudent, especially given the ease of falsifying documents with today's technology.
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8 October 2024 | 15 replies
Most of the time - and especially since Orlando area bookings have cratered - we don't have back-to-back guests outside of the holidays, so in practice we usually just provide the info to the guest a couple of hours early.