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15 May 2024 | 17 replies
I moved here from Florida after seeing the projected growth.I can refer you to some lenders local to Columbus who all have great products.
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15 May 2024 | 9 replies
I have heard of lenders that do HELOCs on investments but I would recommend just doing a cash out refinance.
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16 May 2024 | 13 replies
But there is still some meat on the bone from an appreciation perspective compared to other developed ski resort areas in CO like Breckenridge, Avon/Vail, etc.
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15 May 2024 | 4 replies
If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.
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15 May 2024 | 17 replies
You're probably not seeing Orlando as a place to invest because it's difficult to cash flow compared to other markets.
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14 May 2024 | 17 replies
You can try but most people make comparable income on long term rentals without all the hassles.
14 May 2024 | 7 replies
Whether or not you'll be able to lower your current living expenses by househacking will depend on:- the type of property- property taxes - which are relatively low in BK compared to other counties- down payment- projected incomeThat said, househacking in NYC is totally doable and most first-time househackers find success in located small multifamily properties (2-4 units) preferably with some sort of additional income potential (i.e.
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15 May 2024 | 12 replies
I have investigated several out of state markets and have not found anything that I like better than what I am investing in now when comparing overall income, expenses, and the potential for appreciation.
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15 May 2024 | 6 replies
Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estimated the county mortgage tax in their quote when the other 2 didn't.If anyone has some knowledges to share with this, I would appreciate it.
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15 May 2024 | 9 replies
In general, it is more difficult to finance a foreclosure because of lender requirements.