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23 April 2024 | 7 replies
Don't ever sell unless you have a rock-solid plan to invest in something that produces a better return or moves you closer to your goals.
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23 April 2024 | 2 replies
The cashflows is also really solid and gives you a margin of safety in case there are any repair issues in the future.
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24 April 2024 | 10 replies
The response was that they paid a guru to teach them how to do 100%, 2nd mortgage financing to real estate investors for purchases and down payments.
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23 April 2024 | 2 replies
They check criminal, credit, and eviction records and provide a solid report.
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24 April 2024 | 7 replies
Mike still has his original loan and still is responsible for making payments on it.
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24 April 2024 | 2 replies
Persons B and C did not have to report the gift or pay any gift tax since it was person A's responsibility to do so.
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24 April 2024 | 11 replies
Rent credit is not used.If you choose to allow this, make sure you keep accurate records and don't commingle funds.B3-4.3-12, Rent Credit for Option to Purchasehttps://selling-guide.fanniemae.com/Selling-Guide/Originatio...They are responsible for repairs and maintenance.
29 April 2024 | 248 replies
But if that doesn’t materialize, or if we hit a recession, it’ll get worse.My personal advice is, if you don’t already own stabilized real estate, in solid areas, with fixed debt or low/no mortgage…take the 5% return available now for your liquid savings and wait.
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24 April 2024 | 27 replies
Consider converting one property into an STR while retaining the others as LTRs to establish a stable income base, taking into account your willingness to manage STR responsibilities, local regulations, and financial projections for each property scenario.