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21 January 2020 | 2 replies
Also, if I buy a rehab with cash, but I will need financing for the rehab/repair aspect, how does that process work?
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22 January 2020 | 2 replies
If we're going to be internally consistent, IMO the playing field has got to be leveled.To do that, you have two choices.If you hard cap everything at 43% (and can no longer sell your home to that FHA buyer utterly maxing themselves out at 56.4% DTI), I can point to some dozens of millions, or hundreds of millions, of American voter homeowners ("homevoters") who will not like the impact this has on their home values, unfortunately.
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22 January 2020 | 2 replies
We share a calendar that is updated consistently and we both make sure to prioritize time together.
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23 January 2020 | 37 replies
And... be consistent.
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29 January 2020 | 22 replies
If they are not interest now follow up with them consistently.
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23 January 2020 | 4 replies
Yes, they are next to each other but if you had a deep knowledge about Memphis, you would know that these two areas are completely different and my feelings on them are completely different and if there is one thing that I am with my business, its consistent.
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22 January 2020 | 4 replies
Painting - These are the first trouble areas I think of when looking to add value, but please if there are other aspects of the house that play a big role in increasing value, please let me know.
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27 January 2020 | 9 replies
. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place
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30 January 2020 | 3 replies
There are two main aspects when dealing with a borrower and protecting your funds.
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27 January 2020 | 7 replies
Financing changes if owned through a LLC so be sure to investigate that aspect as well.