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28 April 2024 | 1 reply
In that scenario renting may have been the better path.Unless you see a huge upside where you bought it for a steal where a quick sell makes sense 2 years later, I would encourage you to think longer term - even if you move.
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29 April 2024 | 8 replies
Long Island & Westchester) which are also good potential target markets for househacking.Lastly, regarding managing: Managing a duplex, triplex, and quad are very similar in terms of process - maintenance, rent collection, incoming calls/requests, etc.
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29 April 2024 | 8 replies
I would just explain the thought process to your project manager and have a direct conversation.
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28 April 2024 | 3 replies
Still, I am early on in the education process so I am looking for any connections and advice I can find.
27 April 2024 | 5 replies
I helped 4 buyers with this process in 2023, brutal.
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29 April 2024 | 10 replies
We suddenly had 2 homes and began exploring what our options were and that is when we discovered the intriguing world of REI and tapped into Bigger Pockets and Better Life Tribe, etc. to begin our education.In the time since his death and the probate process we have been paying his mortgage off and selling items from the home which we have been maintaining.
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29 April 2024 | 23 replies
If the buyer doesn't need the concessions then maybe a reduction might be more appropriate but some of these details are to be worked out in the negotiation process.2.
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28 April 2024 | 13 replies
In a wholesale transaction the seller is in some kind of financial trouble which the wholesaler is helping to resolve.You have two options an assignment or a double closing:I haven't done an assignment myself so not sure completely of the process, but in a double closing there is already a contract with the seller and the wholesaler who is fixing the liens on the title, when that is resolved there is a closing date where the wholesaler execute the contract with the seller and you execute the contract with the wholesaler.In general the closing cost in these type of transactions are covered by the buyer which it could be around 3.5% and it does not include sales agent fees.There is one thing that I didn't understand, it seems that the hard money lender is in charge of the transaction.
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28 April 2024 | 5 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
28 April 2024 | 4 replies
For this reason many states will treat installment sales contracts as mortgages and require a foreclosure process.