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22 July 2024 | 18 replies
I have worked with EasyStreet in the past and have closed loans for my clients using their program.At this time, I am currently using a different program for short-term rental purchases and it has been performing really well this year.
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23 July 2024 | 8 replies
If the different properties correlate with different account it gives you a really clear simple picture.
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23 July 2024 | 16 replies
Additionally, macroeconomics looks great - job growth, population growth, and lots of companies like Google, Honda, and Amazon are building and developing here.
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22 July 2024 | 28 replies
This is no different than picking a high risk stock and the stock goes bust..
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21 July 2024 | 2 replies
I've heard that the down payment percentages for investment properties can be higher compared to primary residences.Specifically, I'm looking for insights on:The typical down payment percentages required by conventional lenders for investment properties.Any differences in requirements for single-family homes versus multi-unit properties.Experiences with different lenders and any recommendations for those offering favorable terms for investment properties.Any tips for negotiating better terms or finding lenders with more flexible down payment options.For context, this will be my second property, and I have a good credit score and a stable income.
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23 July 2024 | 11 replies
Also know that commercial values are determined by the assets existing performance via their financial statements using the NOI and cap rates, which differs a good bit from how residential real estate is valued using comparable sales.
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23 July 2024 | 3 replies
Really I do not even want the tenants in there, but I don’t want to get a property where I end up in eviction court and the renter/potential squatter is saying one thing different than what the sellers told me.PS I see that my title is jacked up,but I cannot edit it.
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24 July 2024 | 11 replies
Quote from @Emma Campbell:If we have a Lowes business pro account, and in Month 1 we buy $1000 of materials for properties in 3 different LLCs, it sounds like manual effort is needed both to pay off the $1000 balance by making payments from each LLC's bank account for the amount it owes, and then a separate manual effort to record and assign the expense transactions in the bookkeeping software.
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22 July 2024 | 82 replies
No Escrow no Lawyer no title company..
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23 July 2024 | 2 replies
Yup that's exactly what I was told by the mortgage company.