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20 May 2024 | 6 replies
@Carlos OlivaCash-out Refi:Pros:Fixed interest rate - providing stability in your paymentsLump sum payout - one-time lump sum, which can be beneficial if you have a specific investment or expense in mind.Lower interest rates - compared to HELOCs because they're first mortgagesCons:Closing costs - higher which can eat into your equityResets mortgage term - If you've already paid down a significant portion of principal.
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23 May 2024 | 52 replies
This may not keep a potential buyer from hiring their own inspector but if you show them the report openly at their showing and then tell/show them that you have fixed anything on the report and on top of that provide them with your certifications there is a lot less chance of them getting squirrelly when something pops up on "their" inspectors report.
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20 May 2024 | 13 replies
You can rent by the room, which can maximize rental income.Parent Guarantees: Many student leases involve co-signers, usually parents, which can provide additional financial security.Low Vacancy Rates: Due to the high demand, vacancy rates tend to be low, especially if the property is close to campus or in a desirable student neighborhood.Flexible Lease Terms: You can structure leases to fit the academic calendar, which means you can adjust rents annually based on market conditions.Cons:High Turnover: Students typically stay for shorter periods, leading to higher turnover rates.
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20 May 2024 | 4 replies
Happy to provide a few lenders or contractors if you need any support.
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20 May 2024 | 2 replies
I’ve seen where NC has partnered with municipalities to provide federal or state funding to bring public water/sewer to under severed areas.
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20 May 2024 | 6 replies
Hi Bob,Make sure to have an investor friendly realtor so that you won't have issues afterwards.HOA are very tricky, as the boards change very often, they could be years that they don't do much and other years that they are suing residents if they are not maintaining the lawn.CC&R are the key to review in this case, those are public so available for you, and those are required to be provided by the seller every time.Don't go the route of do it anyways, that will have cause you consequences, I had a time that the HOA sued a property owner just for missing 6 months (the property owner was renting out the property and it didn't receive the invoice to pay the dues so she forgot).
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20 May 2024 | 7 replies
I use cabinetgiant.com, who provide a RTA cabinet here in Kansas City.Here is a recent forum discussion with some other options as well.http://www.biggerpockets.com/forums/84/topics/161076-kitchen-cabinets
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20 May 2024 | 14 replies
This can add up.Property Standards: The house has to meet certain standards, which might limit your choices in a competitive market like LA.Loan Limits: There’s a cap on how much you can borrow with an FHA loan, which might not cover the higher-priced homes in LA.My Take:If you’re set on buying now and can handle the extra costs, FHA could work.
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19 May 2024 | 6 replies
While I am not familiar with the CT market, the lender should have a list of real estate agents which provide gap coverage.
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19 May 2024 | 14 replies
She needs to get rid of the extra plants or you will be forced to non renew if she is m2m or evict if on a term lease.