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7 January 2019 | 5 replies
Hi,I have applied HELOC for my primary residence. Should I wait for the HELOC application process to be completed before applying for refinance on my rental property? Or Is this OK to apply both HELOC for primary and ...
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23 January 2019 | 28 replies
One is that when you are highly leveraged, if the economy turns and you can't cover your bills because you lost your job, can't pay that mortgage while it's vacant or have multiple vacant properties, you are not in a great position and are likely to lose it all.On the other hand, if you are either a) not highly leveraged, using cash instead so you have no payments to make in a worst case situation or b) you have moderate leverage that is balanced with hefty cash reserves that you can use to carry your operations for years to come or even pay everything off...thus suddenly eliminating the risk you carried previously, then you are in a much better position.
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5 January 2019 | 7 replies
A broker can hold multiple brokers licenses for different companies....Im not so sure a salesperson or associate broker can.
7 January 2019 | 6 replies
Unless you are trying to invest in that area and scale to multiple properties it is not worth keeping it for a cash flow of $100 a month.
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10 June 2019 | 38 replies
I tend to get confused because I see other advisors saying conflicting info on the series LLC route saying multiple LLCs are not necessary.
14 January 2019 | 10 replies
MF presents a tremendous opportunity leveraged across multiple doors which gives it a strong upside if you have the know how and access to capital.
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9 January 2019 | 4 replies
Multiple sub contractors with multiple separate contracts are not allowed..Repairs/Improvements must be completed by licensed contractor(s) as required by local/state municipalitiesRepairs cannot be completed by a related or interested party (i.e. relative, real estate agent, seller, broker, etc.)Borrower selects contractorContingency Reserves Minimum 10% is required.
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6 January 2019 | 2 replies
The work might span multiple years, depending on as the funds are available.It includes siding, roofing, balcony and patio and paving.Does anyone have any recommendations for HOA contractors?
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7 January 2019 | 9 replies
There is a cost to LLCs; state annual fees, bank fees, accounting fees, and simply the cost of the time to operate multiple LLCs.
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6 January 2019 | 5 replies
In the past I have usually held only one client at a time, in 2019 it is my hope to grow and take on multiple clients in order to make this side job a career.