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16 June 2019 | 14 replies
Does the deal have to be a buy and hold or does a wholesale count?
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9 July 2019 | 22 replies
Although with syndication experience counts.. lots of beginners in the space.. so one would want to use some caution..
15 June 2019 | 4 replies
@Tafari Howell I can't count how many contractors have been in your position and taken money from equity, credit cards, etc to make ends meet "for now".
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16 June 2019 | 2 replies
Try meetup.com or the Bigger Pockets events section.Any rental property you purchase should be offset by the income it will generate so if you get a duplex that rents for $2000/mo (both sides combined), you will be able to count $1500/mo of that as income you can use to qualify for the next deal.Just make sure your numbers really work well.
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22 February 2020 | 12 replies
The one I will be renting is $750, I intent to continue to pay that rent and count it towards cash flow.
26 June 2019 | 5 replies
Owner occupant jumbo loans often don't allow rental income to be counted towards qualifying.
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18 June 2019 | 12 replies
Of course I am not counting on it to be 100%, but I base my bid on this, and during the DD step I will make sure that is indeed the case.
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17 July 2019 | 160 replies
Atleast with a given fixed cashflow I have a known variable that I can count on -with appreciation it’s hope and pray .
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16 July 2019 | 10 replies
This will at least give you a rough idea what you're approved for but keep in mind that if some of the units are occupied they will be able to count a portion of that rent income to help you qualify for a larger loan, but also be aware that inherited tenants can also come with a bigger headache and cost you more money than a vacant unit so do your due diligence on that tenant as well.
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18 June 2019 | 4 replies
Once you can do deals by phone, then graduate to direct mail with the same message.You may win the lottery and get lucky using some off the shelf letter to an off the shelf list, but you shouldn't count on it.