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20 October 2020 | 16 replies
. $150k income warrants paying a good accountant to analyze its tax attributes.
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25 October 2020 | 14 replies
I do think most of the MLS stuff is over priced here in the area specially knowing the rent values according to neighborhoods.
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23 October 2020 | 9 replies
There is a property in the Lovettsville Virginia area that I am evaluating on whether it would (or would not) be suitable to become a solid SFR rental property. From my very general understanding of the area it is an ...
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22 October 2020 | 4 replies
In the BP podcast Brandon and David will usually say this when it comes to mentoring, they hate when people ask them "can I work for you, ill even do it for free" because now they have another job....finding that person work to do.But on the contrary if you can come with a set of skills or attributes and offer your services.
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22 October 2020 | 26 replies
No special favors for family because they are most likely to screw you over.
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5 November 2020 | 8 replies
I'd say that is a personal question but I would not do a cash out refi where the fees make up more than 10% of my cash out amount, UNLESS, you need that cash immediately for a new deal where you will make substantially more money than the money lost, or you are also reducing you APR to a point where the interest saved will make up the fees over time.Also I just did a cash out for 50K where the bank I worked with had a low income neighborhood special and closing costs were only $500 bucks (lender fees, and title fees) so might want to shop around and see if you have any local banks that do something similar.
28 October 2020 | 4 replies
And if the mortgage agent is not able to really clearly map it out for you then seek out another mortgage agent that specializes in rental properties.
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21 October 2020 | 4 replies
You can rent these books from your local library and they are very helpful:Form Your Own Limited Liability Companyhttps://store.nolo.com/product...Your Limited Liability Companyhttps://store.nolo.com/product...Also, here is the info on doing it in the state of Alabama:https://www.sos.alabama.gov/bu...Typically if the structure of your LLC is relatively simple (only 1-3 members) and no special agreements, it should be pretty straight forward to get it going.
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24 October 2020 | 17 replies
Owner-occupied conventional loans typically go as low as 5% and sometimes as low as 3% in special conditions.
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22 October 2020 | 2 replies
If not, and if all are only for certain builders, you would be offering something special in your market and perhaps command a higher price.