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1 October 2021 | 1 reply
Hey @Bakari Autman I have access to a commercial lender for refinancing.
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19 November 2021 | 2 replies
The top floor, with access to the garage will generate $2,600/m + utilities and the suite will generate $1,600 + utilities.$4,200 total income-$500/ property tax-$200/m insurance-$150/m maintenance-$100/m city utilities (water/sewer)-$210/m 5% vacancy (even 5% is overkill)-$2,500/m mortgage ($700k @ 2%)=$540/m cashflow - Even if you wanted to have a property manager at 10% the property would still be cashflow positive.This property only generates 0.47% of the purchase price per month (nowhere near the 1% rule) but still cashflows.
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6 October 2021 | 7 replies
I think the area is great - has fantastic highway access and it has been developing steadily.
16 September 2021 | 1 reply
I'm not sure, but I think with a HELOC, we can access more of our primary's equity than we could have with a cash out.
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18 September 2021 | 4 replies
Remember, you can only access around 70-75% of the value of the property in a refinance so that extra 25-30% of your money is sitting dead unless you decide to sell the home.
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15 September 2021 | 0 replies
They claimed that if they get evicted, the wife, husband and 5 kids would be homeless as they have no place to go (mind you, we THINK this is a 2 bedroom unit - they haven’t allowed us access to the unit).
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17 September 2021 | 2 replies
I want to BRRRR this.I confirmed the square feet with the city tax assessor, and he told me that the previous owner never allowed him access to the home because he did not want to pay the city taxes for an extra 2500 sq. ft.
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3 October 2021 | 12 replies
That is $11 million per year more, more than 5,000 paper records are sent to my CPA every year and every single transaction is recorded in software I create with MS Access and every transaction in my software matches every piece of paper and the digital files are sent to my CPA in the Excel file format with (and I will count them right now.
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16 September 2021 | 7 replies
With an in-service distribution, she may have access to transfer at least some of the 401k funds to a self-directed IRA or a Solo 401k while she still works for that employer.
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16 September 2021 | 11 replies
Having a license is great for access, but what a lot of novice investors miss is a good agent will provide a lot more than just the access to the house.