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6 May 2024 | 23 replies
You’ll need to borrow money from a lender to acquire the property (it’s not all investor money).
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3 May 2024 | 12 replies
DSCR: your income, employment history and DTI will not be considered, so the paperwork is lighter compared to the other 2 options.
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6 May 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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6 May 2024 | 6 replies
I would suggest to connect to other local investors as much as possible to network, educate yourself, make connections with title companies, contractors, wholesalers, hard money lenders etc, those will prove vital to your success.
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5 May 2024 | 17 replies
Always good to ask your lender.
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5 May 2024 | 64 replies
They bring you “convenient” comparables that’s aren’t real ones.
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5 May 2024 | 7 replies
As a private lender would you pay the full 100%, or still do 75% Loan to Purchase price and have borrower put money in?
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6 May 2024 | 12 replies
@Christian Weber, some lenders have no problem with this, yet many want the title to remain in your name.
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6 May 2024 | 7 replies
Keep in mind if your Bank/Lender you closed with allows it to be vested into an LLC you can do it but it is "not" common in most cases.
6 May 2024 | 12 replies
There are much smaller homes in worse parts of town renting for $1600+ currently.There is not a cap on how much I can raise rent here in SW Missouri, and my thought process was to keep the rent a few hundred dollars under the market rate so that if they decided to look around, they’d realize they can’t find anything comparable with the new increased price and stay anyways.