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6 January 2025 | 2 replies
It's called a payoff statementif it's a big lender you will not buy the loan as it will take forever, you are better just paying it off. you then can foreclose based on the total balance owed to you which is both loans and any accrued interest. regarding fixing property or selling as is, that really depends and needs to be evaluated on a case by case basis
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3 January 2025 | 18 replies
Something I forgot to mention is I’ve been in the house since 2017, so the 2/5 year rule shouldn’t matter.
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21 January 2025 | 20 replies
He believes that area where he will be buying the new homes is going to appreciate and attract more MTRenters, but now, the big difference is that he would now have 3 properties that can go up (or potentially down) in value, go up (or down) in rent, and three times as many vacancies to fill.My back of the napkin assessment is that for only a drop in $200 a month in cash flow, he would control a lot more assets with growth potential and as rents rise over the coming years, the combined rents will increase to a total more than the single rent.HOWEVER.
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9 January 2025 | 10 replies
Quote from @Conte Cuttino: Property is in C+ area but in a different School district that’s B-If I sale I’ll get 30k profit after 9 months.If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.
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30 January 2025 | 19 replies
Yup, most renewal fee's are total BS fluff.
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9 January 2025 | 16 replies
It's not just the taxes, but being able to at-a-glance look at expenses by the month and year, profit and loss calculating automatically, and even cash flow by property and total portfolio by month and year.Thanks for suggesting it!
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23 January 2025 | 45 replies
If you can house hack there I totally would.
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23 January 2025 | 39 replies
However, we take responsibility and worked diligently on finding more deals.In regard to Stefan's comment, I've noticed we deleted 30 negative items from your credit report in total (15 from Experian and 15 from Trans Union) while you were in our credit repair program (I just took a look at your file).
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6 January 2025 | 2 replies
You're totally right—making a schedule with all the important dates on it is very helpful!