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2 May 2024 | 23 replies
Buy or inherit and hold all their lives while working the properties for income.I've seen teachers, firemen, software engineers and all sorts of people utilize both strategies successfully.
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30 April 2024 | 6 replies
I have also never been in a position to have a substantially larger down payment in order to be considering a different REI strategy that house hacking.
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1 May 2024 | 5 replies
If you have a proper exist strategy to pay off the HELOC, the HELOC is a great way to tap into the equity for a relatively short period of time.
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30 April 2024 | 9 replies
Keep in mind its always a good idea to consult with a real estate-focused accountant who also does asset protection to get a full picture for more complex strategies.
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30 April 2024 | 37 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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1 May 2024 | 4 replies
Find qualified partners such as lawyers, accountants, managers, loan specialists, insurers, etc.Good luck!
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27 April 2024 | 4 replies
PS: Think about an umbrella insurance policy.
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30 April 2024 | 99 replies
I don't want to speak for Joseph, but yes the $230 accounts for all expenses (taxes, insurance, mngt, debt service, future vacancy & future maintenance reserve).
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30 April 2024 | 20 replies
Moreover, read, "The House Hacking Strategy" by Craig Curelop to get a general scope of the investment strategy.
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30 April 2024 | 2 replies
To combat my impending anxiety, I'm choosing a cautious strategy of "little risk, little reward".