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24 April 2017 | 9 replies
The single page generic website can be free to $5/mo via sites like godaddy.com, wix, etcTo capture leads, etc, look at leadpropeller.com, investorcarrot.com, etc
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21 August 2016 | 4 replies
I ended up using BOA (my bank for the last eon) for my biz account, just a simple checking account.
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14 May 2016 | 8 replies
Hello @James Wilson, @Greg Harriman.If you haven't already, you should read up on the BRRRR strategy, it's pretty simple but has a lot of potential for your situation, and it nicely sidesteps the DTI ratio issue:Buy: with hard money, advantage here is that the property is paid for with cash, so you can just put in an LLC immediately.Rehab: either with the loan or your capitalRent: get a tenant inRefinance: ideally, start this process as soon as you buy, look to cash-out and essentially have a new property at 25% down, on a nice 30-yr. term.Repeat!
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25 May 2016 | 31 replies
It should be that simple, the management company just needs to record the lien release with the county and then you should be on your way.
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1 June 2016 | 15 replies
-Gross Income: $1,700 / month-NOI: ~$1,150-Mortgage: $509-Cash Flow (with maintenance, CapEx, and vacancy): ~$620 / month-Cap Rate 9.6%-CoC: 19.5%Admittedly, turn key was even more simple than we expected.
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22 July 2018 | 19 replies
Its just a simple registration process....that takes about 2 months!
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16 May 2016 | 7 replies
The hardest part was dealing with the exterior repairs -- even something as simple as paint was often delayed by months if the weather didn't cooperate.
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15 May 2016 | 7 replies
@John Nelson, though I like to keep things simple too, you could probably talk about some things that would go straight over my head.
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20 May 2016 | 5 replies
Such as;If the SDIRA is worth 100KIf the house equity is 80Kthe '20K difference' could be a payment of 5K per year for 4 yearsI would think it would be cumbersome to somehow (either the QDRO mentioned above or a simple judges order as I used) have each spouse own just 'part' of the same asset - I can see some potential conflicts coming up ;-).In my case, my SDIRA owned 1/3 of an LLC that owned 2 recently purchased properties so the value was established by the purchase prices, and the balance in the checking account for the LLC.
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13 May 2016 | 5 replies
@Joel Comino I don't think you need a lawyer a decent RE agent or broker could put this simple paper work togetherwhat you will find though is a HML is not going to make a loan unless there is substantial CASH equity in the deal.. in our market here were the lot value is usually 1/3 rto 1/4 finished value having the lot free and clear and only borrowing vertical works with the HML.2 and 12 to 4 and 14 is what you pay..