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21 January 2025 | 11 replies
My advice is to tread carefully.
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27 December 2024 | 93 replies
I also received a letter from the county saying that my property is in violation of several health and safety codes.
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5 January 2025 | 3 replies
.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!
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9 January 2025 | 15 replies
However, since you put the asset into an LLC, I am going assume you care about asset protection and further this discussion just a bit.My advice to you is to seek out local banks where much of their business is derived from commercial lending.
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12 January 2025 | 5 replies
Gotta be careful though.
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31 December 2024 | 5 replies
Vet potential partners carefully and aim for relationships that can grow with your portfolio.In this higher interest rate environment, focus on cash flow and creative financing options like the HomeStyle rehab loan or seller financing.
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16 January 2025 | 8 replies
Definitely tread carefully here to avoid any discrimination claims!
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15 January 2025 | 10 replies
A reliable tenant stays for many years, pays the rent on schedule, and takes good care of the property.Reliable tenants are the exception, not the norm.
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27 January 2025 | 17 replies
Just trying to gauge whether your bookkeeper is overcharging, especially if you are splitting duties.I would be careful with real estate-specific software.
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6 January 2025 | 4 replies
Make sure you talk to a Banker or Loan officer that is well versed in both SE (Self Employed) income and also Non/QM programs.One tip I will give you as a Banker is open up a "Business Checking account" and for the next 12 months pay "Everything" out of that account.