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26 June 2024 | 2 replies
The rate, the sale pay the closing cost and the grow of the area What was the outcome?
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26 June 2024 | 4 replies
Here’s a detailed analysis to help guide your decision:Initial Costs:Purchase Price: $260,000Down Payment and Closing Costs: $60,000Monthly Cost: $400 for several yearsMarket Value:Current Value: $540,000 to $600,000Immediate Equity: $280,000 to $340,000 (based on the market value minus the purchase price)The substantial equity in the farm can be a powerful tool for your investment journey:Home Equity Line of Credit (HELOC): You could use a HELOC against the farm's equity to fund other investments.
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25 June 2024 | 8 replies
What rate percentage drop would justify executing a refinance to lock in a lower interest rate in your professional opinion?
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28 June 2024 | 1 reply
#s based on duplex I’m being shown420,000, rate 6.25%Mortgage payment: 3271 + 225 HOA (increase $65 starting July) =3561Currently paying 1200 in rent + utilities.I know you’re going to scream at me for this.
28 June 2024 | 14 replies
Some markets like TX, ID, and to some extent AZ have been building a lot of housing supply and are seeing vacancy rates increase.
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29 June 2024 | 17 replies
I usually search through listings to get an idea on cap rates to narrow down states or cities.
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28 June 2024 | 6 replies
So you need to remember that there are about 4- 6 big box lenders that fund most of the Hard Money loans and then you have thousands of brokers selling their products and lots of times someone thinks they are dealing with a lender but they are not, they are dealing with a broker who has a lending sounding name and this broker is set up with an account at a few different lenders.
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30 June 2024 | 14 replies
You'll find some really great tenants, less turnover, and a higher rental rate than an LTR using this strategy.
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29 June 2024 | 9 replies
Given the fact that I’m single and have zero dependents I figured it may make sense to move to the new house for at least a year to get a primary residence mortgage with a lower rate and rent out my existing house as a furnished mid-term rental.My question is around taxes: my current home needs significant repairs and updates (about $20-30k’s worth 😬) before it’s ready to be rented (the pool enclosure went partially down during a storm among other things).
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26 June 2024 | 11 replies
The IRA funds would not be able to be combined with other personal funds as in your note above.