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30 June 2024 | 4 replies
Its going to be more about those factors than any local market factors for DSCR Lenders.The lender should have gone over the prepayment provisions more closely before closing, but assuming you likely have whats called a "stepdown" prepayment penalty shorthand called "5/4/3/2/1" - this means that you can refinance and prepay, however if done in the first year of term you will have to pay a 5% fee, second year 4%, third year 3% etc.
1 July 2024 | 4 replies
Hello, Hazem Abdallah, when choosing a company for cold calling, especially in terms of calculating KPIs and ensuring lead quality, it’s important to consider several factors, including their reputation, services, technology, and customer reviews.
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30 June 2024 | 5 replies
I am not sure I buy that Pilsen is the one southside of Chicago neighborhood driving rent increases, but it is surely a gentrifying area and factor.I think Bronzevilles & Woodlawn's ability to have more new developments has allowed that entire se coordinator to become a huge factor on the southside.Regardless, whatever you are doing is working so keep doing it!
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2 July 2024 | 5 replies
I would greatly appreciate any advice and insights to better understand the local market and connect with real estate investors specialized in rental properties.I look forward to engaging in meaningful discussions, exchanging ideas, and build valuable relationships with other members.
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2 July 2024 | 6 replies
Glad to be here.I want to build a team for building a brrrr empire.
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1 July 2024 | 6 replies
To decide whether to evict one or both tenants, consider factors like immediate need for living space, rental income, and renovation plans.
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2 July 2024 | 108 replies
If you build relationships with people, the real estate gets disposed of, but it won't always be by you.2.
3 July 2024 | 20 replies
So many people underestimate what it really takes to build a solid wholesaling business.
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3 July 2024 | 4 replies
I believe that under a standard title insurance policy, building code matters, zoning and other governmental restriction on the use of the property are excluded from coverage so unless you purchased an extended form title policy there probably is no coverage, but it never hurts to submit a claim.
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30 June 2024 | 11 replies
However, the increased interest rate is a significant consideration.Breaking even on the Farmington condo: While not ideal, remember that you're still building equity as the tenants pay down your mortgage.