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22 March 2011 | 22 replies
You don't have to sell 100% of the mortgage, you could do a partial.A cleaner and easier way to do it is to just have multiple notes set up in the first place. 80/15/5 and sell of one of them if you need the cash.
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2 September 2007 | 13 replies
If she does buck on that then sounds like she may be a "golddigger" and you don't want that.If no problems, then congrats on your engagement!!
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10 October 2007 | 51 replies
i feel like break even would be fine for me.i'm about to close on a condo for 157k. it's a 2BR 2 BA. multiple comps in the past have come out 180k, but those units were in really good condition. i got it appraised and it came out at 165k. i have a friend who says he can help me do most of the rehab for 5k so i just assumed it will cost closer to 10k.so i'm assuming after making repairs of 10k on top of me 157k, my net profits would be 180k-167k = 13k.I thought that was a good deal but you guys are suggesting I need 25% return but that would mean I need 40-45k profit.So I make my 13k sweat equity, and I saw a studio apt in the building go for 750/mo so I figured that if my mortgage payments are 750/mo and my assessments are 500/mo, I would need 1250/mo to break even.If I get a roommate and charge 600-700/mo I would only have to come up with 550-650/mo which is already cheaper than the 800-900/mo I was previously paying.
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8 September 2010 | 2 replies
In addition to my local portfolio, I've recently started wholesaling deals in multiple states.
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15 September 2006 | 3 replies
If they aren't correct and there are multiple kitchens and entrances, then getting financing is a major issue.
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27 October 2006 | 6 replies
That gives you plenty of money that you can use towards multiple properties that could begin to replace your income and move you closer to your financial goals if used correctly.
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2 October 2006 | 9 replies
Engage in conversations with agents and try to get a feel for whether they're trustworthy or not.
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11 June 2018 | 9 replies
@Mr Davido, so I have attempted to contact who I believe would be rightful heirs but on multiple ocassions I get no response.
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2 October 2006 | 3 replies
Again, I could be misrepresenting since I never got too serious with them plus I think they have expanded their offerings which when I first engaged with them was exclusively in Philadelphia and Atlanta.
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29 September 2006 | 0 replies
[size=18]Multi Family Financing Programs[/size]Multi New Construction And Substantial RehabMulti Family RefinanceMulti Family Acquisition LoansAssisted Living/Skilled NursingManufactured/Mobile HousingEstablish The MarketThe first step of this loan process is to engage a feasibility study to determine marketability and to establish market rents and operating expenses.