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21 February 2024 | 6 replies
This method involves purchasing properties that need work, rehabilitating them to add value, and then refinancing based on the improved value to fund additional investments.
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23 February 2024 | 2 replies
With current interest rates though and cost of property in Nashville, nothing even comes close to seeming like it will rent for enough to offset what our monthly payment would be.
23 February 2024 | 7 replies
My concern is that currently, the monthly mortgage payment (~$2,700) will be higher than average rent for a 1 bedroom (~2,400).
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23 February 2024 | 7 replies
Save your money for a down payment.
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22 February 2024 | 4 replies
Yes my accountant told me about this method, but both me and my wife have full time jobs.
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23 February 2024 | 2 replies
Also, you don't want to co-mingle funds --- so, which bank account should be making the mortgage payments?
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23 February 2024 | 11 replies
In the Denver area it was almost an entirely cash market--we once received payment of nearly $50k, in one hundred dollar bills, in recycled baby wipe tubs.
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22 February 2024 | 8 replies
The best strategy I have been seeing work lately is the BRRRR method with section 8 tenants.
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22 February 2024 | 1 reply
For primary residences, lenders typically don't require PITI (Principal, Interest, Taxes, and Insurance) reserves beyond the down payment and closing costs.
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21 February 2024 | 7 replies
You will not get a conventional loan like owner occupied with lower down payment etc. you can get a loan but you will need 20-25% down.