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4 September 2018 | 9 replies
What would be good strategy on this property.1) Buy this property at $460 K with conventional mortgage and spend 25k in rehab before renting this out .2) Buy this property at $460 K all cash , rehab and rent it out and then get cash out on the property 2 months at appraise value of $560k after the purchase to get the max ROI.If I go with option 2 is there any lender who can refinance a property 2 month after the purchase?
17 August 2018 | 1 reply
You have to spend time and/money to generate leads.
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16 August 2018 | 1 reply
What is your normal spend?
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30 September 2018 | 91 replies
That 512% looks impressive, but i have yet to meet anyone that can spend %'s I have some that are Way better by your standards then, one of my more recent deals I paid $7K for the property spent $27K on the rehab paid for it using a line of credit I have against other properties i own, got an appraisal of $92K have a renter at $870/mo and did a cash out at $50K (banker would give me 75% but i dont need it) so if i have none of my money in the deal, and i pushed the value up $58K whats my COC?
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5 October 2021 | 6 replies
In the process of buying 3 duplexes and need to know how much should I expect to spend on insurance in Texas?
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19 August 2018 | 15 replies
I completely agree i really didn't want to spend every last dollar I had to get this deal done just for that reason.
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20 August 2018 | 4 replies
Timing may be bad to quit your job.What you may want to consider doing is buying something in the midwest that does cashflow, and then spending the money when you buy it to fix it up, get max rents, etc.
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18 July 2019 | 15 replies
Wouldn’t you agree that being able to drive to his first property in 2 hours rather than spend $1000 on a trip to the Midwest?
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17 August 2018 | 5 replies
Let me get this straight, you want to take money you have now (at no cost to you), spend it (putting into the house as equity), then take it back with cost (refi)?
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13 September 2018 | 45 replies
They tend to jave unreasonable price expectations, will not negotiate a home inspection in good faith, the property usually wont appraise because there is no listing agent involved, they wont drop the price when it doesnt appraise, they wont make lender required repairs and so on and so on.So why spend 20 hours on a transaction that is very unlikely to close?