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7 February 2020 | 11 replies
They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...
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8 February 2020 | 5 replies
Draw up a 2,5 and 10 year plan and figure out which method will allow you to get to your end-goal the easiest.
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6 February 2020 | 4 replies
As far as loans go if a lender can provide 80% of the ARV and close quickly (within 10 days), then that is a DYNAMITE loan for the "BUY" step of the BRRRR method.
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5 February 2020 | 3 replies
My wife and I spent 2019 rehabbing our first single family rental property utilizing the BRRRR method.
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6 February 2020 | 8 replies
(In the IRS language, they tax you on depreciation "allowed or allowABLE").If you choose to not take depreciation, not only it's against the tax rules ("impermissible accounting method"), but you're shooting yourself in the foot.
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6 February 2020 | 9 replies
You absolutely do not use the NOI/Cap Rate method.
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6 February 2020 | 5 replies
You have to be careful and methodical.
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17 February 2020 | 2 replies
That's the fastest (and least-accurate) method of seeing whether a property is a deal or not.
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7 February 2020 | 8 replies
If only MF then I could probably split the deed into two townhomes hopefully.The other question is not related to this house but to the burr method in general.