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15 August 2016 | 20 replies
Depending on neighborhood and other deal specific items, we're pricing deals for investors to make 20% to 35%.What's happened lately is that we're not able to make anything on MLS deals.
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21 June 2016 | 23 replies
IANAL, but I assume we are hoping/praying that no one sues or dies during that day that it's not in the LLC.In places like Oakland or Berkeley with giant transfer taxes, there's some extra stuff you need to do that a lender and/or escrow officer local to you can talk about, to dodge that punitive transfer tax.There are endless threads already on BP about the possible, but very unlikely, consequences of doing this.
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6 May 2016 | 2 replies
If you're strictly looking to flip the house, then using the credit card or LOC is not going to affect your credit score going forward - provided of course that:1) You sell and make a profit.2) You take that profit and the first thing you do is pay down your card.If you were to lose money on your flip and couldn't pay down the card or LOC, then it would affect your credit score and may be the difference in getting your next loan or not.If you were not able to sell the house and wanted to keep it, then you may have no way of paying those things down which would be the same as above.So what are the downsides of using credit cards for a flip?
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10 May 2016 | 5 replies
I am in the same boat as you when it comes to private listing SEARCH sites that are trying to go head-to-head with giants like Zillow.
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12 July 2016 | 5 replies
He told me he is not able to get the loan for construction because they want the whole acquistion costs paid in cash.
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9 October 2018 | 29 replies
On one part of the rentalutions website, it states that the application is not able to customize, but then the FAQ says you can.Does anyone know if Rentalutions have "rejection" letters?
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4 August 2017 | 17 replies
(One of my rules of thumb is: If you're not able to get at least 1%/m gross rent return, look elsewhere!)
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19 July 2017 | 14 replies
Sounds like it's a bit risky on your own if you're not able to secure the loan on your own and also haven't been able to save enough cash to come up with 25% down.
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9 August 2017 | 25 replies
The issue with VR in Phoenix is that in the winter time, everyone will sell out, however if you don't rent out the summer and fall consistently your likely not able to meet your forecasted revenue.I would do a comparison of renting out your unit full time vs short term.
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13 August 2017 | 11 replies
I feel like I must be missing something or explained something incorrectly because I am not able to match up the benefit of a refi.