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15 May 2024 | 8 replies
High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?
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16 May 2024 | 4 replies
We're not Quicken 2.0 - I get it, we have a digital brand and digital name and for experienced investors that can set off alarm bells!
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16 May 2024 | 13 replies
If not the county should be close to auctioning it off if they haven’t auctioned off the liens already.).
16 May 2024 | 4 replies
Having a 24 month term on the front end will also make my job easier doing the take-out loan when it's time to refinance into permanent debt, because there's room in there for a full year of tax returns to have been done in the middle (if your exit plan is to sell, it'll also make it easier on your buyer who will presumably be willing to pay a higher price if they can get an A-paper good mortgage).Ask for a 24 month term, tell your contractor you want it done in a year (and make it financially worth their while if they can pull it off), internally/mentally plan on 18 months, and I'm putting you on notice now to do your tax returns on time, rather than extending them (don't fight me on this, please just do it).Trying to get a renovation mortgage like this for only 1 point is likely a waste of your time, but if you want to ask, after you've secured the above as a 'done deal,' go for it, can't hurt.
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16 May 2024 | 10 replies
I just got off the initial call with a rep from Lower earlier today, and so far so good.
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16 May 2024 | 6 replies
I’m a first time real estate investor that is about to sign off on a duplex for lease.
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16 May 2024 | 24 replies
Two months later, the investment of time and money paid off in a huge way.
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16 May 2024 | 14 replies
@Yocheved BeerTypically noIt’s the power of purchase price or appraisal is what lenders go off of
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16 May 2024 | 8 replies
I recently renovated a building downtown, and that investment paid off in spades.