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6 June 2024 | 39 replies
Everywhere I have traveled this year, New York, Paris etc Hotels are much cheaper than VRBO/AIRBnB and the experience and safety, location, quality of beds, bathroom fixtures are better at Hotels, but 5-10 years ago it was the opposite.
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6 June 2024 | 4 replies
My property is currently my primary residence. 4) Can I even register the property as a rental property when it has some serious code violation issues that might affect the safety of residential use: such as electrical issues, roof restoration, etc.?
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5 June 2024 | 0 replies
Drafted a plan, gathered estimates, created a budget, put together DTI sheets, even got an "as-built" appraisal, and also have it in a permit status at the Local Building and safety office.Then I started to look into the construction loan and the permanent financing....to do it myself, and not through a builder.I soon realized that there are sooo many companies out there that want to try to help...but cant (some of them were even on this network of people): don't have builds on record, won't allow for owner-built homes, my credit is less than 680, while carrying the construction loan, there may be a point at the end where because i have my rental house while building that it become hard to pay, and I can't pull out a private loan to help start process because my credit cards balances are horrible...and my "business" has no show of income.So, now we are here in the present time....
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5 June 2024 | 2 replies
Yearly net cashflow after absolutely all costs and a margin of safety should be between $15,000 - $20,000.Lessons learned?
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4 June 2024 | 3 replies
Of course that behavior has disrupted my Tenants leaving them scared for their safety as well as my safety.
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5 June 2024 | 3 replies
Got into REI almost by accident and did what you said - shopped for the best terms to make each property perform the best.I did at one point try to consolidate, but any institution I found that didn’t sell mortgages had the worst terms: higher rates and typically ARMs, which I’m grateful for not taking because my rates would be crushing me now.I’ll look into other versions of some of the things you mention like cross colatteral and construction loan but not sure how that would work considering I don’t actually have any construction needs.
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4 June 2024 | 4 replies
Therefore, it's required to put up window guards for their safety.
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5 June 2024 | 3 replies
High level $200k for a $36k gross return is a low yield..however I think there are a few variables..with 35% down you should be able to get stronger lending terms, if the seller is workable you could entertain a concession towards a rate buy down for lower obligations, possibility to look at shorter duration (ARM) loans if you only intend to own 3-5 years which could also offer a lower rate.
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4 June 2024 | 6 replies
The Environment, the Safety of people and the living things around us as well as the general health and welfare of all living things are extremely important to us.We are passionate about real estate investment and Buy and Hold with a focus on providing affordable vacation rentals and long term living spaces for Veterans and individuals in situations of hardship.
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4 June 2024 | 5 replies
Your rate would likely be in the 5s if you do not check all the boxes.Since you seem so adamant on rate, you might want to get an ARM.