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25 May 2024 | 2 replies
This type of loan product generally will not be available with a conventional local credit union.
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24 May 2024 | 0 replies
Had a USPS worker cold call me about their online services and one of them was the online certified mailing system called, "Simply Certified".
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23 May 2024 | 7 replies
All VA, FHA and USDA loans are assumable and even a few Conventional loan products out there are assumable as well.
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26 May 2024 | 45 replies
Curious, is there a dedicated online group for investors in the Daytona area for meetups/knowledge sharing/etc on Facebook or here on bigger pockets?
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23 May 2024 | 1 reply
Most conventional or Non-QM lenders will require an independent third part assessment but if the LTV is low enough and some compensating factors, occasionally for a rate and term refinance lenders will allow a drive by or 'online' appraisal.
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26 May 2024 | 3 replies
Is there some loan product or solution that I should look into to try and get enough for this property?
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23 May 2024 | 9 replies
Here is my plan and then my questions below:1) I want to buy single family homes across various states with each home having its own LLC in that particular state.2) I want these various LLCs to be owned by a Wyoming Holding LLC for anonymity.Here are my questions:a) Is it really as easy as creating a Wyoming Holding LLC online (e.g. zen business) and then creating an LLC for the homes in the relevant state (again using zen business as an example) ?
27 May 2024 | 14 replies
Those two together create equity.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your property per yearLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.
25 May 2024 | 2 replies
@Richard Hoyte I haven’t been able to take advantage of any low down payment loans so have been stuck needing 20% down on every deal plus closing costs and cash reserves.
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25 May 2024 | 13 replies
-Finding private money: If you can find a very good deal then connect with a family member or friend that could lend you what you need for a hard money loan or to lend you the full amount.