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1 May 2024 | 7 replies
Pay off your debt, and build up a 6-month emergency fund or preferably more.
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2 May 2024 | 7 replies
Was the title company able to gather documents from the seller, or were they never contacted?
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3 May 2024 | 12 replies
PLUS, good property management companies are great to build relationships with; they see and hear of off-market deals.
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3 May 2024 | 10 replies
The attorney then wanted to charge me another $1,500 to continue my case in April.Afterward, I discovered a company called "evicthemforme.com," which charges $260 for basically the same service.
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2 May 2024 | 3 replies
My PM company does manage some there though.
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1 May 2024 | 8 replies
We prefer tenants to realize this is strictly for damages and not to be confused with last months rent at move out.
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2 May 2024 | 9 replies
But to keep it cleaner, I'd prefer that it's 100% ROTH.
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2 May 2024 | 3 replies
@Mike BonnJonathan Taylor 323.389.5340Feel free to reach out to Jonathan, I’m sure his company can fund, and if not he can point you in the right direction:)
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30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
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2 May 2024 | 11 replies
Can't buy as often here in San Diego but 1 door here is worth 10-20 doors in the markets that I was investing and growing more wealth with less doors is more preferable and provides for less expenses among other issues.House hacking in San Diego is the best way to get started with investing locally and it will have an immense impact on your financial future and net worth in the long term.