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22 November 2018 | 3 replies
I own a 6-unit apartment building in Illinois, I paid cash so I own it outright.
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3 November 2018 | 8 replies
If this is your only property, there'd be no other rental income to cover these costs, so it would have to be paid out of pocket for the owner.
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9 November 2018 | 12 replies
Last I saw, fha max for seller paid closing costs was 6%.
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6 December 2018 | 7 replies
(If you make it enough it will discourage them from having them)Iron clad lease to ensure rules are followed and rent is paid Automatic rental payment is required.
7 November 2018 | 6 replies
Account ClosedIf a member/partner will be paid for some services outside of his right to earn a 33% profit/loss percentage in the LLC's income - he can be compensated via guaranteed payment.You will not be required to issue him a 1099.
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3 November 2018 | 1 reply
Now I have $900 cashflow per month to pay off the HELOC plus some personal funds to get it paid off in 2 years.My ultimate goal..I might have listened to Dave Ramsey too much when I was young, but my goal is to pay off each property before moving onto the next one.
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2 November 2018 | 2 replies
And part of my strategy is to have as many of my rentals paid off as possible in the next 15-18 years.
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2 November 2018 | 1 reply
Mine was used for working capital, so it was drawn down, paid back in a few months, over and over.
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2 November 2018 | 2 replies
Now I have $900 cashflow per month to pay off the HELOC plus some personal funds to get it paid off in 2 years.My ultimate goal..I might have listened to Dave Ramsey too much when I was young, but my goal is to pay off each property before moving onto the next one.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/342749/small_1621445469-avatar-jorgeruiz.jpg?twic=v1/output=image&v=2)
20 December 2018 | 8 replies
Well...the Dayton Dragons baseball team has the most consistent sold out games of any sporting team in North America (startling fact), Warped Wing opened a second location, and a half dozen other breweries are now open in the city...Boston Stoker coffee is totally awesome and has several new locations (this is important because it's a key indicator for the successful revitalization of many cities...beer-food-coffee is key)...there is a river front development that is reminiscent of Columbus (which was awarded best on the country), there is big inner-city revitalization...I saw a developer by the name of Simms pre-sell 24 $500k "Brownstone" townhouses in the center of downtown (unheard of in Dayton)...there are 30 renovation projects going on downtown...and they now have a full time staff on the streets to keep the city clean...the population is on the increase for the first time since 1964....I mean this is pretty superficial, but it's every bit as important as economic indicators...there is a lot more to this...There are still "war zones" in abundance in Dayton and it's the Opiate Overdose capital of the USA...but getting better rapidly...just proceed with caution if you elect to invest there...a local subject matter expert is a must!