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22 August 2024 | 4 replies
Those factors, plus the work needed to underwrite something like that, tend to make them trickier than say, a 90%/100% lender.The second thing is ensuring that the values that they are operating under will work with 100% financing.
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27 August 2024 | 5 replies
I'd lean towards a full demolish as well...either way, headaches, but I'd rather have ground up headaches than remodel headaches ;) not to mention speed
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23 August 2024 | 6 replies
So you would have to get a commercial loan if going straight to the LLC - which usually has worse terms (shorter rate lock period, shorter amortization schedule).USUALLY, you can borrow personally and then deed it to the LLC after the fact and as long as the LLC is owned by the borrower you won’t trigger a due on sales clause.
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23 August 2024 | 181 replies
I guess it is possible, but …There were a couple positive feedbacks from some BP users with more than a few posts, but most of the positive feedback came from users with very few posts.I have a bridge in Brooklyn for sale.
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22 August 2024 | 31 replies
If you have no skin in the game, you'll usually start at 50% equity and work your way from there depending on what you can offer.But doing 10 deals a year with a partner is much better than doing 1 or 2 deals on your own. just be open and flexible to make a deal that's mutually beneficial
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23 August 2024 | 19 replies
His post high school plans the last couple of years was to get his real estate agent license, with the ultimate goal of investing.
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26 August 2024 | 2 replies
Its better to have your unit vacant for an extra month or so than to deal with a problematic tenant who will give you headaches for 6+ months.- Consider 2-4 family properties.
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23 August 2024 | 10 replies
I would be moving away from the area this property is in, in a couple months but will 3 hours away.
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26 August 2024 | 3 replies
If you’ve paid more than your share you’ll get a refund at closing.
26 August 2024 | 16 replies
Also be more than happy to help you build your CORE 4