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25 January 2020 | 13 replies
I assume so...if this is the case - conventional financing should be available for each property ( not as one 8 unit loan ) ...would you live in any of he units or rent them all ....down payment required is substantial ...if engaging seller on their financing terms - ask what amount down is needed ( it will likely be large ) length or the term and the rate / payment requirements ...if you cant obtain traditional financing - seller financing is an option ....if engaging on making any offers - make sure you are fully pre approved with a lender ( if you need a loan )
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23 January 2020 | 4 replies
Have your sister check with her broker, as well as the rules with your state's real estate commission before paying anyone anything outside of a structured title company closing.As a wholesaler, who is a licensed agent, she has disclosure requirements that take priority compared to where you, as a team, were before your sister obtained her license.
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23 January 2020 | 5 replies
Find out what they require of their new agents and how much it costs to obtain and maintain this license and assess whether or not these costs justify whatever you have intended in your full or part-time real estate career.The process isn't cheap by any means, but you can minimize costs depending on where you decide to hang the license.
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23 January 2020 | 1 reply
Since obtaining my license to trade in R/E I have had a successful career as a top agent in my locàl, as well as a successful track record in rental and flip properties.
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25 January 2020 | 13 replies
This price is easily obtainable and 2-4 units are readily available.
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23 January 2020 | 0 replies
I would highly recommend her or anyone else from the Think Real estate team (also: Taylor, Erica, and Claudio)Dan Grub from BB&T, lender.
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31 January 2020 | 10 replies
If not you just need to take out the 100K loan to an R/T 30 year.3.
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25 January 2020 | 5 replies
For example, can the LLC put down the down payment, and another party obtain a loan through a private lender to fund the rest.
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23 January 2020 | 3 replies
It may be hard to justify the future rents you anticipate will be obtained after you do the repairs.
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23 October 2020 | 12 replies
Does anyone know of lender that can do HELOC’s for rental properties. I’ve got strong equity positions with a few different rentals and would like to have access to additional cash, but every lender I’ve spoken with s...