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1 August 2018 | 1 reply
Am I juvenile to think I can house hack in a nice area?
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6 June 2023 | 6 replies
Example scenario:Seller is selling 30 units for $1,500,000Seller is open to seller financing with 20% down payment (interest only + balloon,18-24 months)Hard/private money lender provides 20% down payment + funds for repairs (interest only + balloon,18-24 months)After a 12-18 month seasoning period, the buyer refinances with a local bank (portfolio) and repays the lender/seller The last step is made possible because in this example scenario the property appreciated through value add/market fundamentals, the buyer accrued 12-18 months of cash flow, the NOI increased (raised rents, etc) and the expenses decreased (sub metered utilities, etc).Am I missing something?
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7 July 2018 | 14 replies
And IAMNAL but:For this quote you put about Colorado, am I interpreting it correctly that the intent to record the DOT counts for something...that the lien position would be the same as if were recorded in the correct county?
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12 April 2018 | 5 replies
Am I liable to pay for unpaid utility bills in the property if I was not under lease at the time?
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14 February 2020 | 77 replies
Originally posted by @Amy A.
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1 December 2017 | 17 replies
What am I missing?