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1 September 2016 | 4 replies
What does a typical purchase price, rehab, ARV and net profit look like?
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1 September 2016 | 3 replies
I have a lot in a small Texas town that I am looking at for new construction, essentially as a raw land flip over to duplex or SFH, which I will then house hack for a few years before renting out fully.
2 September 2016 | 4 replies
Investors typically market to absentee owners.
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13 September 2016 | 3 replies
I use the mobile version to scan business cards and do light editing of essential data, then I can follow that up with detailed categorization on my computer.
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2 September 2016 | 2 replies
A home that's a couple of years old should already have most of the new home kinks shaken out of it or starting to show up so inspect it well.A triplex can definitely be a money maker but unit size and parking may make a huge difference in rent.Remember the owner occupant requirement is typically only two years.Congratulations on a good start!
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1 September 2016 | 7 replies
This is one of the typical frauds...most claim it as an "inspection" period.
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7 September 2016 | 6 replies
Hey Brian typically lenders do not honor assignment fees but i have a new strategy that will guarentee you get paid your proceeds by a lender.
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7 September 2016 | 12 replies
They may have mandates that essentially require stick-built houses, which would be more expensive, and may make the lots financially unfeasible.That could be another reason why the lots were never built on.Lastly, consider that if it's a package deal, some of the lots may be buildable and some may not be (or may be more difficult, less profitable).
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1 September 2016 | 3 replies
Another note for you on conventional financing for condos is that anything over 15 year fixed and 75% LTV will pick up an additional condo "hit" to the rate meaning your interest rate will likely be 1/8 to 1/4 higher in addition to the typical uptick you would see from an investor loan.My guess is that your broker either doesn't want to deal with verifying warrantability of condos or does not have experience with non-warrantable loan programs.
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2 September 2016 | 4 replies
Typically this is the responder, someone who is in a tight spot and might overlook the impersonal and unprofessional nature of the YL.