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22 January 2025 | 4 replies
Lots of loan options can close in an LLC, helocs usually need to close in your personal name.
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22 January 2025 | 12 replies
Quote from @John Friendas: As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like?
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26 January 2025 | 4 replies
So when you build your pocket neighborhood, which is an interesting concept, what's to stop an undesirable person from moving in.
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23 January 2025 | 11 replies
Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.
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6 February 2025 | 18 replies
Personally I wouldn't feel comfortable trying to wholesale a relatives $1M home knowing that I am breaking the law if I cross over into doing anything that can be considered representing them in the transaction, and knowing it will only be marketed to people who buy properties wholesale (typically investors who don't want to pay retail prices), instead of the majority of retail buyers active in the market who are typcially willing to pay more.
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27 January 2025 | 12 replies
Are you able to go there in person to build your network?
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27 January 2025 | 12 replies
So they price those homes at what a willing homeowner will pay for their personal residence.
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11 February 2025 | 167 replies
. =) It's literally the most transparent and traceable transaction medium mankind has ever seen lolThe transaction can be traced, but not the person.
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6 February 2025 | 8 replies
I personally use 40% but I'm also in a higher rent area.
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29 January 2025 | 9 replies
In addition, you want a separate bank account for the rental property to separate it from your personal accounts.