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24 January 2025 | 0 replies
The refinance step is where you pull out this equity, typically in the form of a cash-out refinance.Here’s how it works:You refinance the property at its new appraised value (after rehab and renting).You take out a new loan based on that increased value, ideally for the full amount or more than what you originally paid for the property.The goal is to pull out enough money to cover the cost of the original purchase and rehab (or even more, depending on the property’s appreciation).This allows you to recover your initial investment, which can then be used to buy your next property.5.
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19 January 2025 | 18 replies
Is your income considered variable in nature depending on job sites and that you do not work a set amount of hours per week?
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24 January 2025 | 16 replies
If I do move in the next few years because of the military, I will decide if I want to sell for the appreciation depending on the market.
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19 January 2025 | 269 replies
This also costs 200-300 EUR depending on what's included.
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21 January 2025 | 6 replies
So many times the address is wrong and at the sale the person running it will state....the address is a courtesy, we're selling the legal description, don't depend on the address.
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20 January 2025 | 7 replies
Hey Matt,With $50K in a self-directed IRA, there are several strategies you could explore to generate both short- and long-term returns, depending on your risk tolerance and investment goals.
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19 January 2025 | 7 replies
Options like conventional loans (3% down), FHA loans (3.5% down), and even no-down-payment options like VA or USDA loans could work for you, depending on your eligibility.
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20 January 2025 | 7 replies
It's dependent on your situation.
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16 January 2025 | 1 reply
Depends on carrier.
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20 January 2025 | 3 replies
It depends how long you plan on living.