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22 March 2024 | 2 replies
Talk to your parents, or another trusted relative, about co-signing a mortgage with you.
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22 March 2024 | 19 replies
Some items I think should qualify, such as: time spent monitoring rehab progress/talking to contractortime spent talking to vendors & placing orders time spent talking to PM/CPA/attorney regarding my properties;time spent reviewing statements/invoicestime spent preparing mortgage application, tax filingtime spent writing contracts with contractors, PM, equity partners etc Some items I'm not sure.
23 March 2024 | 32 replies
I'd recommend new construction over existing. just my 2 cents. we build for investors on biggerpockets
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22 March 2024 | 5 replies
When deciding whether to sell the rental property or buy out your partners, consider factors such as the current market value of the property, any outstanding mortgage or debts on the property, the potential for appreciation in the future, and the rental income generated by the property.Calculate the amount you would need to buy out your partners and compare it to the potential profit you could make by selling the property.
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21 March 2024 | 9 replies
In order to do this, there is a need for more properties, or exchanging existing properties for larger ones, with larger cash flows in each.
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20 March 2024 | 3 replies
I was told that “Due to my Mortgage Credit Score being 660ish.
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22 March 2024 | 7 replies
Hey @George Drexel, I spent many years as a mortgage loan officer.
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22 March 2024 | 5 replies
With low inventory, with no substantial new housing coming up when interest rates will go down, there will be more buyers than houses for sale.Reason #5 is that as interest rates start to go down, a lot of other people will jump in, leading to multiple offers, resulting in higher prices.The minute mortgage rates will drop and come to a five in front of it, the world is going to jump back again into the real estate market.
22 March 2024 | 12 replies
Many homeowners seem to be converting their once primary residences into Airbnb rentals rather than selling, benefiting from their low-cost basis and the low mortgage rates they locked in.This pattern could persist, possibly diminishing the profitability of STRs for quite a few.