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19 July 2024 | 14 replies
So my parents are buying my first fixer upper for me all cash in there name.
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21 July 2024 | 54 replies
The longer he stays it gives him a chance to save up the move in money for a new place and maybe buy a new 70" TV and Xbox once he finds a sucker landlord that doesn't check and see that he was just evicted
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19 July 2024 | 13 replies
I think it will be important to buy in areas that are just starting to sprawl.
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20 July 2024 | 5 replies
Hi there,I'm looking to work with a lender to finance an off-market property in Maryland I want to buy as my primary residence*, max 10% down.What's the catch?
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19 July 2024 | 3 replies
Also, would have some concern that they say replacement cost of this property is 50% higher than their buying it for.
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20 July 2024 | 7 replies
The Developers want this setup because they don't have to come up with capital to buy the land.
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21 July 2024 | 10 replies
Any input would be greatly appreciated. there's a lot of ways like petitioning, confidential sale price, buying other assets to offset and depreciating them in year one, etc. but the main way I would do it is to invest in ground up developments with tax abatements which pushes even higher cash flow and then to keep them as retained earnings or in a non taxable structure depending on your equity position.
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20 July 2024 | 2 replies
Going to start out by buying and holding for now.
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19 July 2024 | 53 replies
. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.
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19 July 2024 | 12 replies
All:I've recently passed my 15th anniversary of buying my first investment property and have been reflecting on what I've done right and wrong in those years.