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6 July 2024 | 24 replies
I think you believed that requiring automatic payments set up would guarantee you on-time payments in some way.
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6 July 2024 | 2 replies
After closing cost I’ll be at 250k. built in 2017. 2600.00 MO income. rents can be raised some not much right now. 80% LTV I’ll be out of pocket 54,000.
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7 July 2024 | 11 replies
It looks like it's pretty much the same terms: 0% down owner-occupied and 5% down NOO. 2.25% funding fee and the seller will pay up to 6% of the sales price towards closing costs.
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5 July 2024 | 5 replies
This product generally requires an LLC set up and there's financing up to 90% of Purchase Price & 100% Rehab with up to 75% of ARV / after repair value.
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7 July 2024 | 14 replies
- Refers to loans and mortgages that cover the costs of purchasing and launching your short-term rental property and business.
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4 July 2024 | 0 replies
The property is set up as a triplex in one building and a 2/1 detached garage apartment for the 4th unit.
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7 July 2024 | 27 replies
Example: VA eligibility - 500K1st SFR cost - 300KLeftover eligibility = 200K2nd SFR cost - 300KFind a conventional lender for - 100K (now no down payment needed?)
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6 July 2024 | 16 replies
Next, figure out how much the entire rehab will cost and contrast it with the possible rental income.
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7 July 2024 | 7 replies
As long as this 4plex would be in a high-cost area then conventional would still be a possibility for you.