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8 December 2021 | 10 replies
@Justin TaylorThere are plenty of lenders out there who specialize with short term loans like this.
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15 December 2021 | 16 replies
If so, I would reach out to a lender in the area who SPECIALIZES in VA loans.
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5 December 2021 | 2 replies
One of our STR investments is in Sevierville where unfortunately no cable internet seems available (Comcast/Spectrum, etc.).
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6 December 2021 | 18 replies
On similar properties they are getting well over asking (and often over a dozen offers or more) and cash deals as many of you know…20% down brings you to a mortgage of around 3200/month plus 2100/month management fee (25% of gross which is based on 2021 #’s) and you still have to pay taxes of approx 300/month, HOA 95/month and monthly expenses of approx 700/month (ac/heat, cable, homeowners insurance) plus upkeep/maintenance of cabin $150/month (just a guess but could be more). 65,500 in expenses (and I think this is a conservative number.So, you are left with maybe 30-35k net annually..You shelled out 170k plus closing expenses of 8500 (1%). 178,500 approx.
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7 December 2021 | 7 replies
Monitor / Review your success (keep the process active at all times) From an insurance perspective, the broadest policy form is called a "special form" policy (aka open perils or all-risk).
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10 December 2021 | 22 replies
What is there to see or do that is special or unique?
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8 December 2021 | 4 replies
There are lots of different areas of practice (and I say "areas of practice" because the Texas Board of Legal Specialization is the gatekeeper for lawyer's use of the word "specialization").
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16 January 2022 | 5 replies
Ask them for the approved budget, if they are behind on bills thats a red flag which will lead to special assessmnets.
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8 December 2021 | 7 replies
Mgmt/Real Estate companies local to the area that specialize in investment properties - Rent to Avg Price ratio seems to be in our favor for many of the properties we've seen listed.Cons:- Relatively high taxes- POS Requirements (I've seen properties with dozens of listed "POS" items that need to be fixed)- Water bill is typically paid by landlord (although I've seen some on here talk about PM companies passing that bill to the tenants lately)Given our criteria, is there anyone here that would recommend we scrap Cleveland as our entry point for RE Investing?
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7 December 2021 | 5 replies
I bought a house last year that was in a 'flood zone' and required special insurance.