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31 December 2015 | 14 replies
You can still get outstanding financing as most financiers don't count this as commercial and even better because you, as an owner, will be living in it!
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6 November 2019 | 38 replies
But in real estate, like in the gym, you will never get to where you dream of being unless you learn the exercises you need and then get out of your comfort zone and lift some damn weights.
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13 May 2017 | 12 replies
I do it all the time and just landed an outstanding deal with great terms.
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22 February 2018 | 53 replies
The auction had a tax lien outstanding preventing us from pulling permits for several months while clearing it. 2800 rent roll estimated 83,000 acquisition. 70,000 renovation valuation estimate of $210,000 looking for 75% refi Cash flow above expenses of $800 or 4% of the goal9) Triplex in Berlin- acquired from auction winter of 2016 Moved to on hold until November for Roofing crews. 4200 rent roll estimated 125,000 acquisition. 85,000 renovation, valuation estimate of $300,000 looking for 75% refi Cash Flow above expense of $1000 or 5% of goal10) Quadraplex bought in Bristol CT for 70,000 without entering the house.3000 estimated rent roll- 70,000 acquisition, 80,000 renovations valuation estimate of 300,000 with an estimated refi of 75%Cash flow will be $800 above expenses or 4% of goal.So if we complete these all by 12/31 we will be at 32.75%, close to ⅓ of the way to the goal.
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30 April 2020 | 6 replies
Also I feel like I should add, there are some damn nice duplexes in the west metro so house hacking a side by side 2000+ sq ft/unit house wouldn't be bad for a family, I'm just thinking more along the lines of your typical 2/1 1000 sq ft duplex in Mpls/St.
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16 November 2019 | 0 replies
Got a decent sales price in an outstanding community.
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19 January 2020 | 2 replies
This is what I have so far:Profit = (Purchase Price - Outstanding Loan Balance)*( 1 - Sale Expenses - Capital Gaines Tax)Sale Expenses, I usually round to be about 10% including commission fees, HOAs, and attorney fees.
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21 January 2021 | 3 replies
Use the VA loan, buy a damned property at that point in my life.
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22 November 2020 | 42 replies
If the pent up foreclosure situation is a backed up damn, it will likely slowly trickle, not come flooding in.
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26 February 2022 | 69 replies
Damn it Dan!