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12 November 2024 | 2 replies
You can also look up your local REIA.
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14 November 2024 | 1 reply
Hey everyone, what do you think of land profit generator course, did anyvone have that course and do you recommend it??
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11 November 2024 | 5 replies
Good luck with your due diligence!
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18 November 2024 | 2 replies
For Investors/ Landlords in Dayton Ohio: What are you finding to be your mean and median averages for cash flows per door?
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4 November 2024 | 2 replies
Thought it could be of huge value as I made this purely from needing it myself when I did my first fix and flip project.
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14 November 2024 | 2 replies
Typically, HUD charges a daily fee for extensions, which varies depending on the property type and the number of extensions requested.To request an extension, contact your HUD representative or the Asset Manager handling the sale.
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17 November 2024 | 10 replies
Good luck assembling your team.
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18 November 2024 | 5 replies
We're looking to do deals in Indiana.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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9 November 2024 | 9 replies
I do this with our own REI business and clients.