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22 October 2021 | 4 replies
Hi @Brendan Seals, It's very difficult to predict how tenants will act, but doing your due diligence and asking for references goes a long way and reduces the risk of having an unpleasant experience with a future tenant.
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1 November 2021 | 15 replies
If you finance the solar, it can actually be difficult to sell the home because the buyer may not want to take over the payment plan.
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25 October 2021 | 16 replies
@Yumiko A. you mentioned you only have funds for a "down payment," this is going to make it more difficult as it's much, much tougher to try to use conventional financing.
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3 November 2021 | 21 replies
Will finding a deal be more difficult every year for new investors?
25 October 2021 | 4 replies
Refi LTV is usually 75%.I have been doing BRRRR's for over a decade in Milwaukee and it has gotten very difficult in the last years to recycle cash; I left a substantial amount of money in every single project over the last 2 years.
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6 December 2021 | 11 replies
It is difficult to estimate the repairs even before buying the property but you get better with experience and you can hire a contractor to help you in the beginning or get help from other investors.How did the 70% rule work for us in Sudbury:70% x $850,000 - $250,000 = $345,000 MAO (Maximum Allowable offer)Since the seller was asking for $325,000 we submitted an offer for that amount and got it accepted.Tip 1: Agents are a great source of deals for properties that need work.
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29 October 2021 | 25 replies
It can be difficult to equate 50/50 value so you would need to find someone who complements your skills and lack there of, or someone who can contribute skills, time, money, or knowledge into the deals.
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25 October 2021 | 3 replies
@Brandon GamblinHi,Fix and Flip properties are more difficult to finance due to the condition of the properties.
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28 October 2021 | 9 replies
If you really want to do this business without money, its doable but VERY VERY VERY difficult.
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24 October 2021 | 0 replies
I spoke with a traditional lender the other day from Total Mortgage who said it would be difficult for me to get any kind of financing outside of a traditional 20-25% down investment loan, because I don't have a credible reason to be buying another multi-family outside of investing purposes.What is the simplest way to make a second purchase utilizing the 203k loan program without running into issues in underwriting?