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4 March 2024 | 14 replies
Quote from @Bradley Babineaux: but do i need to compensate the agent Yeah if you hire anyone, whether a plumber, electrician, lawyer, or real estate agent you typically have to pay that person.
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4 March 2024 | 10 replies
Totally wrong here. maybe if you buy a new build at full market price but there's plenty of strategies to new builds. lowest land cost and highest resale per square foot in residential appraisal typically.
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4 March 2024 | 6 replies
They need to be around 60 cents on the dollar ARV.Go to local investor/BP meetups and network with buyers of W.S. properties, these are typically Fix N Flipper's, Local Contractors, or just a buy and hold investor looking for a great deal that they can reno and keep.If you don't want to deal with the dispo portion of it at all, you can network with other investors that focus specifically on the Dispo.
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4 March 2024 | 4 replies
When I show my rental to potential buyers I give them 3 years of rental history with the average utility expenses and what I paid for taxes and insurance over those last three years as well.
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4 March 2024 | 30 replies
@Michael Ablan Based on what I've gathered in the space, it's not typical to have these requirements, and that's probably why they're backing out.
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4 March 2024 | 10 replies
Quite literally, if the rental income is equal to or greater than the PITI, it'll qualify (with some exceptions of course). 75% LTV is typical, but I have worked with lenders willing to do 80%.
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4 March 2024 | 11 replies
To find competitive pricing, look into the rental prices of nearby multifamily properties that are comparable to yours.Take into account all of the running costs, such as insurance, maintenance, taxes on the property, utilities (if not individually metered), and, if necessary, property management fees.Take into account the principle and interest payments associated with your mortgage.
4 March 2024 | 4 replies
DSCR is typically a strong option, especially for speedhttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
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4 March 2024 | 3 replies
Typically, $100,000 is sufficient and will cover 99% of all claims.
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4 March 2024 | 31 replies
Typically, I get a response along the lines of...