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Results (10,000+)
Shai Flax Finding tenants during covid-19
13 April 2020 | 15 replies
There are still people looking for properties now, but at a much reduced demand than under normal conditions, considering it’s spring.However, I do not recommend going the Section 8 route whatsoever, from a short or long term perspective.  
Shawn Wainsely House hack advice: buy now and refi or wait it out?
10 April 2020 | 4 replies
This will reduce paperwork and no need to refi to get out from PMI in the futuer.
Andrew McGregor IRS Section 121 Exclusion COVID Extension??
11 April 2020 | 7 replies
Going back to when you converted that property to rental, if you had to do that because you moved for a job or medical related reason then you may be able to get an amount of the gain tax free prorated by the months you lived there.  
Jm McNabb Is seller financing a safe option
12 April 2020 | 8 replies
The value to the buyer can add up to a very sizeable amount of money; typically pays the up-front lender fee to lower the interest rate, which results in accumulating paid interest savings for the buyer as long as the buyer owns the property, or for the life of the loan; may add up to many tens of thousands of dollars; make sure you check the fine print of the lender's loan lock provisions; be sure your seller's money is truly paying down the loan rate as opposed to paying other lender charges to the buyer.  3.Seller-Funded Temporary BuydownsBuydowns can also be structured to adjust the buyer-paid interest rate for a limited number of years; can cover the first two, three or four years or more of the buyer's loan; allows your seller to reduce the buyer's ongoing loan cost (monthly payment) considerably.4.Owner FinancingA willing seller may be able to keep their selling price intact by offering financing to a buyer; for a seller who needs to sell as soon as possible for the best possible price; expands the potential market for buyers to those who might not qualify with a lender for any number of reasons relating to their credit, verifiable income, or other issues; seller creates an 'investment" that can produce an annuity with a very good rate of return for many years; seller needs to become very well educated on how to qualify a potential buyer (how to get credit, income, debt ratio, and other accurate personal historical data on the buyer-and how to verify that data); seller needs legal advice to review contract documents, as well as title and escrow services to conduct a title search and closing; buyers attracted to seller financing may have income sources including part- time work, bonus income, royalty income, dividend and interest income from investments, or they may be newly self employed; seller who finances needs to get a substantial down payment and ensure that the property is adequately insured by the buyer and that initial property taxes are pre-paid and a tax payment plan is established; if the buyer stops paying, the seller will have to proceed like a bank or other lender and foreclose on the buyer. 5.Contract for DeedA contract for deed agreement to purchase is similar to a seller-financed purchase.
Masa Moromisato Long Distance Investing (BRRRR/Turn-key). All Cash, any thoughts?
19 April 2020 | 19 replies
Much appreciation for reading my post and sharing your bright ideasMasaAloha Best way to reduce risk on an all cash purchase is to go ahead and have it appraised anyway.
Yechiel Mor Getting financing with a DIR (debt income ratio) of 60%?
13 April 2020 | 9 replies
Find a private or hard money lender to aquire, then refinance out of that loan once you have a renter in the place and can prove cash flow to a lender (the cash flow can be used to boost your income and therefore reduce your DTI)3) If you have equity in your personal home mortgage, get a HELOC and that, combined with your $65k savings, may be enough to do cash purchases in the market you're looking to invest in.4) Try speaking to a local community bank.
Karen F. Connecticut landlords essentially just got .... by the governor.
19 July 2020 | 13 replies
A city's rights and powers can be changed, reduced, or completely eliminated by the state.
Ismael Candelario House Hacking Advice/Tips/What to Expect
12 April 2020 | 5 replies
I'm currently renting an apartment and my roommate is off to medical school this summer.
Jack Fernandes Investing With a Broker's License?
13 April 2020 | 43 replies
You basically are deferring the Tax Obligation of the Commission to the date where you will sell the property.As a result of doing all the above, I reduced the purchase price of the $1.5 Million Purchase by 3% or $45,000.So, not only did I beat down the price by $200k ($1.7 Million originally), but I received a Credit of $45k for a total savings of $245k off the original listing price.I'm not sure if any of the above will be anything but Entertainment, but I thought I would mention it since I went your route and acquired my Broker's License without being a Salesperson.I found myself swimming with the Sharks!
Marshall Shen Deal Analysis for an Illinois single family property (7 of 30)
16 April 2020 | 30 replies
One of my rentals is in a college town that I rent to Medical students.