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19 January 2020 | 4 replies
@Daniel LehmanYou can potentially buy up to $1,000,000 in real estate if you get 80% loan to value mortgage.I would prolly aim for for a little less in total value so you have some funds as a rainy day fun and to also have a budget for repairs/improvements.I think it is a good idea to diversify your assets at this point in the market.I would like to see if you can get 2 3-4 unit properties in a B / B- / C+ class neighborhood.You instantly reduced some risk by transferring 2 units into 6-8 units.on a side-note, I really like San Diego.
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15 June 2020 | 16 replies
Trusting the sponsor will be paramount to you sleeping at night, and I can't stress that enough.
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22 January 2020 | 7 replies
This will help you qualify for money enabling you to purchase a larger property.If you can reduce your cost of housing then house hacking is a win... especially in a high cost of living area.
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22 January 2020 | 9 replies
Also, better properties in a B class neighborhood with B class tenants means less headaches and stress that keep you up at night when you’re hundreds of miles away.
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21 January 2020 | 4 replies
This will give you a chance to make sure you have the right property manager and realtor in place prior to adding the stress of managing a full rehab from a distance.
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23 January 2020 | 33 replies
That gives you your tamper proof outlet, meets code and reduces shock hazard.
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19 February 2020 | 25 replies
@Hayden W Gibson not at the moment, I’ve been looking at house hacking and reducing my overall debt.
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25 January 2020 | 5 replies
The first purchase usually reduces or eliminates your housing costs.
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21 January 2020 | 2 replies
You may want to calculate the gain situation and think about reducing price a little to force a sale but offset that with tax savings and still come out ahead but get rid of the albatross.
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21 January 2020 | 3 replies
I'm not considering reducing the amount of coverage I get and I have heard stories of homes burning down.