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17 May 2024 | 21 replies
You’re better off finding a tenant who will respect your boundaries.
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15 May 2024 | 9 replies
For a stove that's easy, get a $100 one off Craigslist and deliver it over there.
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16 May 2024 | 2 replies
Q3) If it's a loan from our parents that we are paying off, who holds the title to the home?
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15 May 2024 | 8 replies
The up side on large down or all cash is you minimize your risk plus fewer properties means less work and less headaches. 3 properties with large debt or 1 property low debt or paid off generating the same or more income as the other 3.
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16 May 2024 | 18 replies
I think there’s a price at which it could work but I also understand that price is pretty far off of the asking price/value and to the seller it likely wouldn’t make sense to sell at that price.
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16 May 2024 | 5 replies
Right now you are the licensed, insured, have o experience and if you work remotely off little in the way of hands on at a property.Honestly someone could hire a Virtual Assistant from a other country.I would try and build your resume by working for a company for now.
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16 May 2024 | 9 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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15 May 2024 | 11 replies
I have gone through scenario after scenario and feel like I am not getting accurate numbers to go off of.
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16 May 2024 | 32 replies
there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps
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17 May 2024 | 1 reply
So to the degree you can narrow down your buy criteria, the better off you're going to be.