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29 February 2024 | 14 replies
While it depends on your financial position, I would recommend working with a conventional or DSCR lender and/or exploring the option of utilizing a HELOC.
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3 March 2024 | 10 replies
However, just like the rest of REI that is going to depend largely on the are you are looking to purchase in.But if you do the numbers right, in most areas, it's absolutely a realistic goal to find a property cheap enough to have the supplemental rental income cover most, if not all, your mortgage costs.Hope that's helpful!
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1 March 2024 | 5 replies
This can build equity and potentially increase rental income through property appreciation.Another option is to sell one or more properties to free up equity and reduce mortgage debt, which can be useful for reinvesting or diversifying investments.refinancing one or more properties to lower monthly mortgage payments and increase cash flow could also be beneficial, especially if interest rates have decreased.the best course of action depends on the clients financial goals and risk tolerance
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29 February 2024 | 7 replies
Seek for mentors in your area or participate in internet forums to network with seasoned investors.Keep in mind that developing competence takes time, and by demonstrating curiosity at an early age, you've already made great progress.
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2 March 2024 | 7 replies
It really does depend on what your target audience is, for example if it's tech professionals that could potentially change what works best.
1 March 2024 | 5 replies
You'll find some here that say yes, and others, no....It depends on large your operation is and how well you are insured otherwise.
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1 March 2024 | 3 replies
For cash out refinance DSCR, you can typically get up to 75% LTV (I have seen one option for 80% LTV depending on what you qualify for and the property location).
1 March 2024 | 6 replies
Thanks in advance Florida is a super lien state, so depending on when the condo was created the entire lien amount could be owed by the buyer or a portion (I believe lower of 1% of the purchase price the person being foreclosed upon paid or 12 months HOA fees, whichever is lower).Definitely will want to look into that.
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29 February 2024 | 0 replies
Additionally, we cover the costs of internet service, as well as landscape and yard maintenance.
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1 March 2024 | 4 replies
Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.