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19 March 2024 | 5 replies
The one I've been using requires me to go into the bank to sign with each tenant turnover.Does anyone have a bank or strategy where they don't have to do to the bank themselves?
20 March 2024 | 2 replies
how did he physically get in?
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22 March 2024 | 3 replies
This is a pretty weird question, I know, but I am curious.I get that you can do deals pretty much anywhere, and there are good deals all over the country, but I don't believe that the markets are equal in this regard.For example, if the seller has the ability to look at your credit as an investor (which throws out one of the sole purposes of doing a seller finance), versus states/markets that don't require that as much, I would like to know the states/markets where owners checking your credit history is not going to be prevalent in a deal, assuming the seller is willing to do this kind of deal with you.For context, yes, I am a new and aspiring investor, and due to certain circumstances, my credit is currently not the best, but I don't want that to stop me from investing in real estate (which is why I'm leaning to using seller financing).Please no answers saying that I should just raise my credit score and get an FHA/Conventional loan, because I am currently working on raising my credit, but I can't give a time on when my credit will be "back to normal" again, which could mean I could be stuck on not qualifying for a loan for the next couple of years (ain't nobody got time for that).Thanks for the help!
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22 March 2024 | 11 replies
I have checked rental comps on the BP calculator and have found that homes in this area with these stats can rent for around $1100, but this is nowhere close to the required mortgage payment (Realistically I think I could have 2 tenants paying at least $1000 per month each, though this calculator has me thinking otherwise).
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21 March 2024 | 6 replies
I usually start with something like this:“We require a 550+ credit score as well as a current job paystub or a co-signer who meets these requirements.
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20 March 2024 | 4 replies
However in the past I've done the majority of the physical labor on the jobs, and have grown weary of this part of the process, I've tried hiring contractors but pricing seems so high it's hard to make deals work, so my question is where do you find people to hire full time for general work like drywall, flooring, painting, etc.....
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22 March 2024 | 9 replies
Stay flexible and open-minded as real estate investing requires patience and adaptability to changing market conditions.
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22 March 2024 | 4 replies
We would need to verify that you are able to meet the DTI requirement since we will not be able to use rental income to offset the mortgage debt.
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22 March 2024 | 5 replies
Laws governing real estate agents are left to each state to determine such as what counts as proper paperwork for a transaction and even how long a broker has before they're required to get back to you.
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22 March 2024 | 5 replies
Failure to repay the loan according to the plan's requirements could result in penalties and tax consequences.Tax Implications: While 401(k) loans are generally not subject to income tax or early withdrawal penalties, there can be tax implications if the loan is not repaid on time or if your husband defaults on the loan.