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9 June 2018 | 51 replies
@Bill Brandt has a good idea with acquiring a property and renting rooms out to pay the note; if you're ok with having room mates.
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21 May 2018 | 6 replies
Personally, I would have just packed up and moved on, but my two roommates are excited for the place.
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23 May 2018 | 7 replies
schedule to have lunch with him and he told me I should start off wholesaling and bring him deals since then I’ve been driving for dollars while using property radar unfortunately things haven’t been getting any better for me and my emergency saving is running out so my back is against the wall since my my rent with my roommate comes up to 2k monthly.This comes down to me considering to go for an FHA loan to get a 3-4unit MF home, live in one unit while renting out the others, my issue for this is that I don’t have any proof of income and I was working for my school but all I got was cash in hand (Cheque) so I have nothing to show for that.
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30 May 2018 | 7 replies
In my area those are either super run down duplexes or in super sketchy areas.My next plan was to try to find a decent single family home with multiple bedrooms and rent out the other rooms, but I wanted to try to avoid the whole roommate situation.My next plan was to try to buy a condo or townhouse because they are cheaper, but then I am paying the entire mortgage myself for about the same price as just renting an apartment.Do any of these ideas sound worth it and possible with only being able to spend a maximum of 7k out of pocket?
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27 May 2018 | 5 replies
She can request her fair share of the deposit from roommate and you can do an addendum to release her from the lease but you need to hold the entire lease until you regain possession of the property from all tenants.
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28 May 2018 | 14 replies
Tenants/roommates will be paying my mortgage and I will still have an extra $200 left over for other expenses.
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29 May 2018 | 23 replies
So, I borrowed $15k from my roommate for earnest money to secure the property, advanced another $15k or so from my credit cards to cover points and closing costs, and advanced another $20k buffer (using 0% interest promotions on the cards -- I also had perfect credit), and bought it and celebrated.I had a contractor lined up that was a referral by my realtor, who had sold me my own home.
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28 May 2018 | 7 replies
(2) If I rent out all of the units, can I still do a standard rental lease for the unit I'd be "living in," or would I have to go the roommate route instead?
28 May 2018 | 0 replies
I've lived here for a couple of years and my current roommate who is on the lease is moving out.
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29 May 2018 | 2 replies
I specifically bought it to lower my living costs via roommates.