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27 April 2019 | 5 replies
@Jeff JohnsonIf you have a reuse store, I’d check there too.
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26 April 2019 | 0 replies
It is largely all done online.
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2 May 2019 | 10 replies
They dont always communicate between the lender and underwriting and they will go ahead and just run your credit and then you have to explain something theyve heard 100 times "No I usually have an above a 800 credit score its just because they ran my credit without asking"Create a dropbox or gmail account specifically for the properties where you can store all the important documents.If you are doing investing and have full time job, good luck and godspeed, this became a second full time job and I ended up losing a long time girlfriend over it.St.
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18 December 2018 | 5 replies
Really dig into some of these forums and other articles online about inheriting tenants.
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18 December 2018 | 2 replies
How many of you are truly able to determine the difference between disability and when someone comes to you who has read the FAQ at some online place like certipet, and finds a loophole to turn their animal into an esa!
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18 December 2018 | 0 replies
hi, I own a building that has a commercial store on the ground floor and apartments on top.
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3 January 2019 | 8 replies
Should I get a CPA to help me with my taxes this year or should I continue to use online tax tools until I have acquired more properties?
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29 December 2018 | 13 replies
: 1) buy the house by using $50k in cash from a HELOC2) get an invoice from a contractor for the $15k in rehab costs before closing and put the $15k in escrow with your closing attorney in charge of the escrow3) on the HUD1 settlement statement, enter the $50k purchase price on line 101 as the "contract sales price", enter the $15k on line 103 as "settlement charges to buyer", and the total of $65k on line 120 as "gross amount due from buyer"4) the property gets rehabbed and the contractor gets paid through the escrow as the work is completed.5) get a tenant placed in the property after rehab is completed6) get financing on your property for the lesser of a) 75% of the ARV which is $67,500 or b) the "gross amount due from buyer" per line 120 on the HUD1 settlement statement which is $65k7) so overall, you get your $65k cash back out through a mortgage that is based on the "gross amount due from buyer" per line 120 on the HUD1 settlement statement8) you now have a rental property with a tenant paying your monthly mortgage and you essentially have no money left in the deal@Andrew Postell I read your other post, which was fantastic.
22 December 2018 | 2 replies
A brief search of reviews online wasn't promising.
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21 December 2018 | 5 replies
I just use QuickBooks online.