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19 February 2025 | 4 replies
So, that would allow you to buy 200-250k. of course, it is hard to find cash flowing properties with 15% down, but most assume you have to put down at least 20% which is not the case.
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3 March 2025 | 6 replies
Ok going off of this example Purchase Price: $100,000 Rehab Costs: $50,000 After Repair Value (ARV): $200,000 80% LTV: If a lender allows an 80% LTV, the investor can refinance for $160,000 (80% of $200,000).
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26 February 2025 | 7 replies
Yet, the same properties in the same cities are allowed to rent their homes on a long term basis.
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28 February 2025 | 13 replies
To have a SUSTAINABLE business in STR long term, you must migrate from relying on third party platforms to generating deal flow through your website, social media, repeat business and word of mouth.Any third party app will maximize their profitability and allow the service providers the minimal profitability necessary to maintain their interest.in other words as a STR provider AirBNB or VRBO will maximize their own profitability without regard to yours.
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25 February 2025 | 9 replies
Hey @Justin Brown, what @John Underwood said is spot on.SLC has been restricting STRs for a long while now and it isn't going to get better.People who have STRs in areas where they are not allowed are breaking the law and will eventually pay the price.Having said that, you should check and see if there are certain areas where it is allowed in some way and that is why they exist there.
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24 February 2025 | 5 replies
If there's a clause that allows you to back out due to new findings or due diligence conditions, you might be able to retrieve your earnest money deposit.
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3 March 2025 | 8 replies
These loans allow buyers to purchase with lower down payments and take advantage of the best interest rates.
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26 February 2025 | 9 replies
There are always opportunity on the MLS....properties that are listed/categorized incorrectly....properties that rely on public record square footage that is not accurate but the broker is too lazy to verify and simply relies on the autofill data, properties that have base zoning that allows for a better use, properties with unique characteristics that are not properly detailed in the marketing information, properties that are simply listed over priced and become stale and are good negotiation opportunities.
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21 February 2025 | 1 reply
I have a 2.5% assumable VA loan with over $520k remaining and the homes price is $785,000.I considered posting in community forums on FB but that’s not allowed.
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20 February 2025 | 6 replies
The best option is securing financing that allows the LLC to buy the new property, as commercial or portfolio lenders may accommodate this.