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17 June 2024 | 8 replies
"Blocking the market" only occurs in the commerical insurance world - not personal lines.2.
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16 June 2024 | 1 reply
I have personally not worked on any of these but it does not seem to be anything too crazy.It's an FHA Loan that can be combined with other FHA products like a 203k.I am a Loan Officer for "Correspondent Lender" so I can operate under the rules of over 100 lenders...I would be able to place this in a few hours with 1 email...We would just have to make sure all the boxes are checked...Energy Efficient Improvements Must Be Cost-EffectiveThe financed portion of an Energy Package must be cost-effective.
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17 June 2024 | 11 replies
If you find one who has rental properties and has first hand experience that can be VERY helpful.The conflict of interest is a common question, but really a non-issue if you consider the size of the market and how many properties an agent can buy.My team and I work with a lot of investors and yes I personally buy a handful of properties every year, but there are about 30,000 transactions every year in Milwaukee.
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17 June 2024 | 10 replies
Just recognize that you will have lower payments but that money will be illiquid so your personal financials also come into play
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17 June 2024 | 8 replies
If you can't see the property in person, pay an experienced local investor $100 or so (someone unbiased, not your agent or turnkey company) to walk it and do a detailed video tour.
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16 June 2024 | 4 replies
talk to the dept of health first (records requirements etc), establish what upgrades/maintenance required, line up a reliable repair/handyman/type person, consult lawyer, and then make your offer, see if you can buy the land it's on via lot line adjustment (ideal scenario). a lot to be aware of, such as system upgrades or county code changes bringing in the requirement to add metered connections to an older small system, for just one example.Otherwise- owner doesn't want to manage, I doubt you really do either but could be wrong.
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16 June 2024 | 9 replies
Offer cash for keys to person but money is only after they leave and property is left in broom swept condition3.
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14 June 2024 | 2 replies
I both agree and completely disagree with this list.What is an advantage to one person, can be a detriment to another.
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15 June 2024 | 54 replies
pretty clear that Morris knew what was happening :( Anyone contemplating borrowing money on credit cards to buy rentals needs to re think that strategy unless you have the cash in the bank to pay them off or super high income.. the risk is far to great.
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15 June 2024 | 7 replies
Get estopples, copy of leases, and ask for bank statements and tax returnsIf they don’t have it then I would assume worst case on every asset and price it accordingly