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15 February 2025 | 14 replies
Meet-ups via local groups or via zoom calls or private REI clubs/groups.Asking a seasoned agent in each city/county as well as a Banker/Loan officer will also help put a plan together.
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6 February 2025 | 3 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
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5 February 2025 | 10 replies
You can buy a rental house, put $60,000 down and you will have to get a non-recourse loan for the rest of the mortgage.
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1 February 2025 | 2 replies
Hard money loan that covered 100% of rehab and 90% of purchase.
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27 January 2025 | 3 replies
If a HELOC isn't an option due to Texas laws, you could consider a cash-out refinance with another property or a portfolio loan, even if you want to keep your current rate.
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20 January 2025 | 57 replies
My company is licensed in 31 states for owner occupied loans (check my profile) and I can lend in 45 states for business purposes loans (nonQM and dscr loans).
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22 January 2025 | 14 replies
Weather differs depending on where properties are located and even snow accumulation within the same geographic area will vary year to year.
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20 February 2025 | 9 replies
for this property Ill be doing a conventional loan.
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31 January 2025 | 4 replies
If you are looking for a more laid back and roundtable type discussion of all things real estate, you are more than welcome to join us every Tuesday morning on Zoom or Thursday morning at Kairos Coffee where we discuss everything from assumable loans, to creative buying strategies, to landlord tenant laws and pretty much everything in between!
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24 January 2025 | 10 replies
Pretty common, you can definitely use commission as down payment conventional loans and not have it count toward IPC as long as you're on the loan.