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3 December 2017 | 0 replies
Am I still able to finance this deal with a downpayment and a traditional 30 year fixed loan?
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11 January 2018 | 11 replies
Average is between $700-$900.We base all our income comparisons at $750 a unit and you should be caahflowing at least 50% of your gross rental income compared to the purchase price.
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4 December 2017 | 2 replies
Helloit is my understanding that traditionally when you sell your property you can use the 1031 exchange to defer the taxes on the capital gains from the sale. i know a little about that but i am interested to know if when you refinance and not sell the property to pull out equity from a property can u also use the 1031 for that. for example if i use the BRRRR strategy to buy a 4 plex for $300,000 i use a conventional loan and put down 20% of $60,000 making the loan amount for $240,000 and put in $40,000 into rehab the property so i have $100,000 in and the property then appraises at $400,000 so i refinance the property with 20% down of $80,000 in equity making it a loan amount of $320,000 out of that of course the original loan gets paid back of $240,000 leaving me with a check for $80,000. so does that $80,000 count as capital gains?
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13 March 2018 | 5 replies
One of the strategies mentioned is to offer 2-3 choices to tenants so they compare the choices rather than comparing your rental to others in the area.
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20 March 2018 | 5 replies
Residential lenders won't touch it, and commercial lenders tend to value it with comparables (like a residential) instead of the income approach because it's more similar to a 4-unit than a 20-unit apartment.
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13 March 2018 | 7 replies
Raising your limits and getting an Umbrella would be relatively cheap compared to the overall cost.
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19 March 2018 | 15 replies
They prices/rents are much higher compared to SFH.
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14 March 2018 | 11 replies
They do offer access to conventional financial products, but is it a bit cumbersome.With a checkbook IRA LLC or Solo 401(k), you can easily establish a brokerage trading account within your plan, and therefore easily reallocate between conventional and non-traditional assets pretty much at will.
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14 March 2018 | 5 replies
The main issue is whether the return to you cashflow wise is better if you just pay the rehab and rent it traditionally.
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29 March 2018 | 19 replies
They approach I really like is essentially becoming the "Digital Mayor of your Town and or City" as termed by Gary Vee.Now if you are not familiar with what that means I give you the run down What really traditional marketing would be is, *forgive me if I exaggerate a bit*, just plastering yourself in everyone's mind as, that's Joe the real estate agent, he seems to be everywhere I go.