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22 February 2024 | 5 replies
Different levels of risk to everything and different time commitments to really gain traction.
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23 February 2024 | 26 replies
In addition, lenders for larger commercial multifamily often want you to have previous experience managing rentals.
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22 February 2024 | 7 replies
At a minimum, I recommend selling it within three years of renting it so you don't lose the tax free gain on sale of a primary residence.
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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 | 14 replies
His family owns real estate in town, so I've been learning how to repair fixer-upper properties in order to gain some experience.
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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 | 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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23 February 2024 | 35 replies
Of course that increases with thickness, the addition of insulation boards, radiant heating, rockwool, etc.