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29 May 2024 | 7 replies
Here are a few tips to get you started:Start Small: Consider starting with a smaller investment or a property that requires minimal work.
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29 May 2024 | 5 replies
I will add that this is a process that has many rules that are required to be followed and there are serious financial penalties if you make a mistake. do your research and learn all you can and/or find a custodian who provides education as well as an ERISA attorney who can advise you.
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27 May 2024 | 9 replies
Your lease agreement or pet rules should require immediately clean up of any excrement.
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29 May 2024 | 7 replies
You may not be able to get a high LTV loan with hard money but the requirements to get financed will be less rigid.
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28 May 2024 | 2 replies
It does not mean you are required to have central heat and air it would be of the many of the other options such as... other heating with thermostat.
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29 May 2024 | 9 replies
Each scenario requires different skill sets and partners.
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28 May 2024 | 5 replies
I assume these areas have strict zoning, permitting, and design codes, along with requiring state licensed contractors to perform electrical, plumbing, and HVAC which would increase costs.
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27 May 2024 | 6 replies
Just go to any one or all of the major online real estate sales websites and utilize the filters to narrow your search parameters.If none show up, you may have to widen your search or expand the parameters.
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29 May 2024 | 8 replies
1) Get your contractor/electrician/plumber to see what you HAVE to do to remain within code requirements and meet those at a minimum.
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28 May 2024 | 5 replies
Hi - typically Mixed Use properties are going to require a traditional commercial real estate loan from a bank, small balance commercial private lender or for the larger ones a CMBS style loan.However, a newer "DSCR Loan" product for Mixed Use is making a comeback - which is a really great option for smaller properties/more beginner investors since it has all the same trappings as a residential DSCR Loan (30-year fixed, easy qualification, straightforward process) for a property with commercial units.Generally going to be limited to 8 units max and has to be primarily residential in every way (majority residential by units, square footage and rents) but if it fits all that, its a great option