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9 August 2024 | 10 replies
I assume I need to register my property as a short term rental in Texas as well as my city?
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9 August 2024 | 2 replies
Hello Paul,I think you need to look into the world of DSCR Rental loans, most of these loans are set up on 30 Fixed rates, you can also do hybrid Interest only loans as well.
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9 August 2024 | 2 replies
Hey @Hannah Stern - this isn't an uncommon situation, depending on how well versed you are on the property it may be wise to order your own inspection to pickup on any faults that could affect the underlying policy.
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5 August 2024 | 7 replies
I am currently in business school at the University of Southern California and plan on getting my real estate license once I graduate in May 2025 I am humbled by the experience and wealth of knowledge that is on this platform and I look for forward to getting started with your help
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5 August 2024 | 3 replies
I still have to see what's happening with utilities, but right now it would cashflow anywhere from $150-$300 (depending on the loan type and DP we select) with a CoC ROI between 9.9%-10.8% (lower than some other options we're looking at, but it already has tenants...)Thoughts?
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5 August 2024 | 4 replies
Market on Facebook/craigslist/etc.. as well as local meetup groups for real estate investors.
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10 August 2024 | 12 replies
I know there is other software out there that can be utilized as well but after research, I landed in Hemlane.
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7 August 2024 | 3 replies
If the HELOC amount you're requesting is relatively low (often below $100,000), lenders might waive the full appraisal.Drive-By Appraisal : Instead of a full interior inspection, a drive-by appraisal involves the appraiser evaluating the exterior of the property only.Desktop Appraisal : This type of appraisal is conducted remotely using data and photos provided by the homeowner or real estate agents.Based on the little knowledge that I have about stuff like this it sounds like you need to connect with existing lenders in your network or find new lenders in your network that have programs aligned with your goals.
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8 August 2024 | 2 replies
Hello all,Business is going well, and most of you know me as an investor focused Realtor in Omaha and in the next couple months I have the amazing opportunity to scale that business exponentially as the Acquisitions Director for an amazing Real Estate Company (more info to publish later) but I am actually seeking recommendations for a good real estate tax professional who serves the Omaha area.Basically I am already formed as S Corp but I am forming an LLC (potentially under my S Corp) with myself and the contractors I work hand in hand with to renovate properties with the intent of serving under one "legal" roof when we assist investors in finding and renovating properties for investors and want to make sure we set ourselves up as strong as possible.Any recommendations?
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9 August 2024 | 2 replies
However, with a 5% down conventional loan, there isn't a strict limit on the number of properties you can acquire, as long as you meet the lender's criteria.One strategy I've seen work well is using the FHA loan to buy your first multi-unit property, live in one unit, and rent out the others.