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26 July 2023 | 2 replies
I plan to hold these properties FOREVER or at least 10+ years (because rehabbed and have management/operations all in place), so trying to reimburse my cash from rehabs, new roofs, etc and recapitalize the value for CASH injection…..instead of selling.
11 January 2018 | 7 replies
Fiance has very little desire to share space with tenants, so it looks like we'll be doing SFHs as opposed to multi-families (though I still have hope I can convince her to try it for the first property, but let's assume it's not going to happen).Tentative Plan:-Buy a SFH for $150,000-$200,000 in Phoenix area with a VA loan ($0 down), live in it for 2 years while aggressively forcing appreciation as much as possible, have one or more kids-Buy second SFH for $200,000-$250,000 in Phoenix area (upgrade reason: more space for kids) with another VA loan ($0 down) using remaining entitlement, rent out first SFH, live in this one for 1-2 years while aggressively forcing as much appreciation as possible-Buy third SFH for $200,000-$250,000 with an FHA loan (3.5-5% down), rent out second SFH, live in this one for 1-2 years, not going to try to force appreciation too much right away but instead will spend more time and money building equity in the first two houses-Refinance both VA loans into conventional loans once I have 25%+ equity in both, use the "one time restoration of entitlement" to free up all my entitlement again, rent out third SFH, buy permanent primary residence for as much as I can afford at the time (but not more than the VA maximum) with a VA loan ($0 down) for my now large family to live in forever-Aggressively force appreciation and build equity in third SFH until I can refinance that one into a conventional loan as well to get rid of PMI, then continue on from thereSo, my main concern is affording the second SFH without the necessary two years of landlording experience.
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25 June 2023 | 11 replies
The key is to have very low turnovers which cost a lot of $, so treat your tenants good and they’ll stay with you forever.
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28 July 2023 | 16 replies
I will forever be greatful for my partner/sherpa to show me the way.
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22 January 2021 | 101 replies
This is a 2 unit current house hack but I won't be here forever...
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17 February 2021 | 28 replies
Thank you for the encouragement and for the reminder that it's more important to get a good deal than to wait around forever for a perfect deal!
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18 May 2022 | 14 replies
Treat your PML like it’s your grandmothers money and you will have access to money forever.
29 April 2022 | 15 replies
He is one of the few members of our team that I consider a forever member (meaning he can make multiple honest mistakes before I would consider using someone else).A good mortgage broker earns their fees and can get you the best loan without you having to find that loan.
5 March 2021 | 4 replies
Part of the difficulty with fees is that there are there forever and likely to rise as a building gets older.
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3 April 2021 | 6 replies
Under the network tab at the top of BP look for Events and search the area.