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22 November 2024 | 2 replies
Connect with local investors through real estate investment groups, attending housing fairs, and speaking with property managers familiar with the LSU rental market.Good luck!
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21 November 2024 | 16 replies
The LLC will have zero impact on lending.
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30 October 2024 | 7 replies
Hello and welcome to the forums!
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21 November 2024 | 6 replies
. :) dont know the answer but if I was guess there is probably some lenders that do it with sufficient equity.
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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21 November 2024 | 2 replies
Are you in the process of taking the licensing class now?
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25 October 2024 | 9 replies
It doesnt have info on tenant status but if that is offered on other platforms it seems like a great option to have.You'll need to cold call and follow up (mailers, calls, visits) with 1,000s of leads for the next year or so before getting a significant # of chances/appointments to convert the leads.
30 October 2024 | 3 replies
I am currently rebuilding my credit and have finally been able to start saving money and looking to get my first property by the end of next year.
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21 November 2024 | 7 replies
The Fed’s moves often ripple through credit markets, and the jump in the 10Y yield has definitely hurt affordability.
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21 November 2024 | 4 replies
Having a consultant who has worked with the agencies before is a huge plus.Alongside the developer, creating a defined site plan is needed to determine the improvement & infrastructure cost.