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23 February 2024 | 4 replies
I understand that navigating the minimum loan amount restrictions can be tricky, but Chase is known to offer financing solutions that could potentially accommodate lower loan amounts, possibly even down to $50k, which might align well with your investment goals and the price range you're interested in.If you haven't already, reaching out to Chase could provide you with some additional flexibility in your property search, allowing you to stay within your desired price range and maximize your monthly cash flow from the investment.
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22 February 2024 | 5 replies
Additionally, the application and approval process for USDA multifamily loans can be complex, so it's advisable to work with a qualified lender experienced in USDA loans and the multifamily housing sector.To determine if a specific multifamily property is eligible for a USDA loan, it's recommended to consult with a USDA-approved lender or reach out to the USDA Rural Development Office in your area.
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22 February 2024 | 1 reply
This will create thousands of additional jobs, bringing more people to the city and increasing housing demand.In ConclusionWith a fixed supply of properties in the range of $320,000 to $475,000, a rapidly growing population, and a growing number of jobs, it is almost certain that rents and prices will increase in the foreseeable future.Thanks for reading my post.
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23 February 2024 | 3 replies
We fell into the trap of giving them multiple chances and hoping for improvement, but it usually resulted in further delays, additional costs, and compromised work quality.
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22 February 2024 | 10 replies
Thanks to the recent hurricane we will have alot of work for a few years and I plan on spending that money wisely investing in rental property.
23 February 2024 | 7 replies
Additionally, thoroughly research the local real estate market, economic conditions, and renter demand to make an informed decision about whether the condo purchase aligns with your investment objectives.
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22 February 2024 | 0 replies
Overall, we were able to create a new product, offering a first-floor Main Bedroom Suite and three additional bedrooms on the second floor.
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22 February 2024 | 43 replies
And if someone can spend $15k one time and thereby save $80k mutiple times, why is that a problem?
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22 February 2024 | 2 replies
For us, our current investment strategy we take advantage of, is primary home loans by moving out and renting the previous one and purchasing one additional property every year. you're able to buy a single family home or a multifamily up to 4 units every single year.
21 February 2024 | 6 replies
It's a great opportunity for my family to have some additional income down the road.But man, it is tough telling a young family with 3 kids that aren't going to be allowed to rent the house due to prior collections owed to landlords and vehicle companies.