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16 March 2018 | 5 replies
@Ibrahim Alanqar, the first thing that springs to my mind is: how will you find suitable deal/s for flipping, when you'd always be competing with cashed-up Investors/Flippers in the first place, who don't have to wait the length of time you would need to in order to close (and who therefore can get discounts easier than you, even though you'd need those same discounts), and who don't have to worry that the home may not pass the "habitable" test.
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19 March 2018 | 87 replies
Perhaps not as much as I should be, but it is on my mind. I
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1 May 2018 | 13 replies
If you don't mind I would be very greatful if you could send me the list of the contractors!
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21 March 2018 | 33 replies
A good agent that has your best interests in mind is key.
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29 May 2018 | 39 replies
No not right now but I will keep you in mind. I
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16 March 2018 | 8 replies
I am interested in using this strategy, but I'm having trouble finding information relevant to the method I have in mind. I
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18 March 2018 | 1 reply
Hi Nancy, do you have any experience or a project in mind? I
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8 December 2018 | 15 replies
Mindy Jensen I can’t help but notice Josh’s absence and how he talked about his daughter having something serious come up a few episodes back.
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27 March 2018 | 8 replies
After looking at a few in the price range I had in mind I have to agree, it may not be the best route for my situation.
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22 March 2018 | 1 reply
The closing costs for FHA are out of this world so I wanted to go conventional for a few reasons Smoother closeI know I can qualify for the mortgage amount if I can burrow money to put down and eventually give back of course :)Stronger deal than FHA ___________________Rents $2495Unit 1- $895Unit 2- $750Unit 3- Vacant Unit 4- $850Expenses Property Taxes : $245/moInsurance : $227/moVacancy : 5% (extremely strong rental area)PM: 7% ($171.50)Lawn care: $50/moReserves : $100/moCap ex: $100/MO (very well taken care of stainless steel throughout, roof 5 years old, new paint, HVAC 5-6 years old)Expenses $893.50(Income) Rent - expenses = (NOI) $1476.75Mortgage- $969 (With bridge loan or other burrowed money 30% down (87k) 70%LTVNOI - Mortgage = Cashflow ($507.50)Bridge loan payment - $580/MO87k at 8% 2-3 year balloon -$72.51 cashflow with (bridge loan)$507.59 cashflow without bridge loanKeep in mind I did this for only 3 units, I will be owner occupying this property or should I not?!