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10 July 2024 | 5 replies
Of course the bank says "no problem", I start the process etc, then after credit pull and everything state "thing's have changed and you cannot own more than 3 investment properties" so now I'm at a standstill and they want to push me to commercial side, which in this case is requiring them to take my first and have to refi the balance and lose my rate and then tap a HELOC afterwards at commercial terms.
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10 July 2024 | 4 replies
I am a Realtor in NC with one mid term rental.
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8 July 2024 | 1 reply
Just know that they are typically a depreciating asset, just like a car.
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10 July 2024 | 24 replies
You will certainly pay a premium for turnkey, but if your long-term goals are appreciation and stable yet modest growth, it is certainly advisable.
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9 July 2024 | 17 replies
I typically am working with suppliers of red iron beams, but I would imagine suppliers would still have something.https://www.engineeringtoolbox... is a great free resource for information on different types of materials.Hope this helps at least some!
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10 July 2024 | 10 replies
First, you should inform your lender, as converting the property into a short-term rental can affect the terms of your mortgage and may require a change to an investment property loan.
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11 July 2024 | 8 replies
I am considering switching the property to six-month lease terms, so that I maintain the choice of whether to keep renewing...Full details of the bill here: https://leg.colorado.gov/bills/hb24-1098
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10 July 2024 | 5 replies
It is the best way to break into REI IMO.VA financing is about as good as it gets in the financing world right now; generally better terms and rates and you can take advantage of 0% down.
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8 July 2024 | 42 replies
@Nathan G.Yep ,Sounds like your typical re guru .
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10 July 2024 | 6 replies
I always request a Builder’s Risk Policy.My question has to do with what I need to tell the Insurance Agent in terms of how much property insurance I want.