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2 August 2024 | 4 replies
If you are experienced you can represent yourself on buying and selling.
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2 August 2024 | 4 replies
Better to buy now before rates go down, price go up even more and crazy bidding wars return.
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30 July 2024 | 3 replies
DSCR requires No income, No Taxes and Commercial requires a PFS, occupancy ratios usually above (90%), Credit scores above 720+ much higher assets for (PITI reserves and overall risk, landlord seasoning, and more.A Heloc can be used in most cases for anything but when you are trying to buy a commercial building which is higher risk, the committee/UW can and in most cases will deny it if they feel you are over extended low assets or with no landlord experience, unless you have a meaty amount of equity to cross collateralize for a junior lien on another property.
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3 August 2024 | 11 replies
@Seo Hui Hanthat's just the BRRRR strategy, and using borrowed money for the buy.it's just about risk.low risk: buying with actual cash, from your own checking account.
30 July 2024 | 16 replies
With $15,000, you’d have around $425,000 of purchasing power, though it might be challenging to buy four units in Arizona with that budget.
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30 July 2024 | 12 replies
The headquarters always blames the local office but never accepts responsibility.
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30 July 2024 | 6 replies
My wife and I are under contract for a STR in downtown Charleston, SC. The value add will be in the operations as the current owner(s) haven't kept their fingers on the pulse to run it at it's peak. Looking through th...
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2 August 2024 | 0 replies
I'm looking mostly for if I buy a 4-unit quadplex (example, or Triplex), how to calculate NOI, Monthly Cash Flow, Rehab, Cap Rate, Cash-on-Cash, etc.For example, whenever I find a property on Crexi, Loopnet, MLS, etc. the NOI sounds good but when you factor in mortgage to get the cash flow, it's almost always negative.I also don't know how to properly calculate a rehab to see ARV so that may be the other issue.
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5 August 2024 | 27 replies
Simply put, there are a lot more co-hosts/managers like myself and yourself who got started self-managing their own properties around covid and are now afraid or unwilling to buy new properties at current prices/rates, but want to use their knowledge/experience to keep increasing income in the space.
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2 August 2024 | 12 replies
You buy cash, do a cosmetic rehab to force equity, and then refi out.