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25 January 2017 | 9 replies
A title company generally can't prepare a quit claim deed (unless it's incidental to the issuance of a title policy), at least in Florida.
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23 January 2017 | 5 replies
It's currently renting for $1500/ month but needs work and would aim to rent it for $1600- $1650, which is supported by comps in the area.I am currently renting a room on a month to month basis and need my own place, but have not found anything less than $1675/ month when all living expenses are accounted for (rent, utilities, internet).
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22 January 2017 | 6 replies
I am aiming to even to learn as much as possible in the real estate investment industry.
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22 January 2017 | 5 replies
Not many people do it, but you can also borrow against your life insurance policy to purchase real estate.
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24 January 2017 | 4 replies
Just bought a sfh vacant home and had to buy a bridge policy American modern about 30 percent more til I can get fixed up and tenant.
22 January 2017 | 3 replies
My goal is to buy and hold, cash flow with a $1,000 a month and aim to refinance to pull initial investment back, pay off lenders and use equity to rinse and repeat.Heres what I got;Property: Triplex in Lauderhill, FL - Advertised by wholesaler3 bedroom 2 bath - 1200 sq feet each unit advertised with rent comps at $1,500- $1,650 (realistically should be $1,000-$1,200)Listed at $249,900 with direct comps sold up to $300k - $315k in 2015.Estimated taxes $6,000 a yearEstimated insurance $2,000 a yearEstimated maintenance $2,000 a year100% Vacant now with 2 potential squatters according to wholesalerProperty is in good shape minimal rehab area is about a c+ near turnpike will be seeing property in person tomorrowLending: HML - offered from mort broker - estimated payment - $2,000- $2,100/monthly (P&I + insurance+taxes) for $250k loan2 points upfrontno prepayment penalty 7% interest80% LTV20% downAppraisal $500Bank - From Guaranteed Rate - Estimated payment $2,200/monthly for pre-approved loan at $300k5% APR30 year FHA (option for 203k loan) 3.5% down (first time homebuyer) informed can cash out refi for up to 80% of equity after 50 days from HML closeAlright so my intent is to buy it cash with HML, aim to have tenants within 3 months, and cash out refi by the end of those 3 months.
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3 February 2017 | 11 replies
Complex also have a flood ins. policy.
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31 March 2019 | 33 replies
We all know they are the vast minority, but they are the ones that are going to dictate public policy and the ones people remember.
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29 January 2017 | 8 replies
Each property will be different, economies change and so do policies and politics, and you must do your due diligence before making a decision.
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25 January 2017 | 3 replies
What types of insurance should a professional large pm company carry to protect MY SINGLE FAMILY HOME due to their neglect, poor management policies?