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5 May 2024 | 1 reply
Which is about 3 months of rent but i can deduct thay in my taxes against rent.Or are you guys using Heloc as I won't be able to deduct that from my rent is what I read.Also is there a better way to find lender with less fees for closing for cheap investment rentals.Currently I have 5 rental. 2 with personal home mortgage and 3 paid cash so no mortgages.
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6 May 2024 | 23 replies
You’ll need to borrow money from a lender to acquire the property (it’s not all investor money).
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6 May 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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6 May 2024 | 6 replies
I would suggest to connect to other local investors as much as possible to network, educate yourself, make connections with title companies, contractors, wholesalers, hard money lenders etc, those will prove vital to your success.
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5 May 2024 | 17 replies
Always good to ask your lender.
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5 May 2024 | 7 replies
As a private lender would you pay the full 100%, or still do 75% Loan to Purchase price and have borrower put money in?
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6 May 2024 | 12 replies
@Christian Weber, some lenders have no problem with this, yet many want the title to remain in your name.
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6 May 2024 | 7 replies
Keep in mind if your Bank/Lender you closed with allows it to be vested into an LLC you can do it but it is "not" common in most cases.
2 May 2024 | 17 replies
Initial investors who made deals with them got better deals because there were much fewer reviews available to make sure that OCF is trustworthy.
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9 May 2024 | 107 replies
For investors who buy in questionable areas speculated for huge appreciation rates and make the bulk of their money on the rehab aspect, monthly rental cash flow of $20K or whatever is an afterthought that just keeps the lenders happy. 7 figures per year 2023.