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30 November 2019 | 11 replies
You should avoid any that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investorsRequire you to close before a tenant is in place
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24 November 2019 | 32 replies
I am also interested in Multifamily units and BRRR - hopefully we can connect and help one another along our journey to financial independence.
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26 December 2019 | 6 replies
-Toilets that don't clog easily (I like Toto)-A single heating system with submetering or heating added into the rents can be more affordable than maintaining independent systems (be warned though that you may have to administer the bills with submeters which is definitely a time consumer) Electric baseboard heat can require no maintenance for several years (but is typically more expensive to operate depending on energy costs).
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23 November 2019 | 18 replies
Next time you purchase or cash out refinance a home using a VA loan, I strongly suggest finding an independent mortgage broker.
30 November 2019 | 84 replies
., and become an independent contractor.
26 November 2019 | 3 replies
I also spoke to a very well known realtor in the area this afternoon asking for some advice in regards to the same dilemma, and basically advised me not to take on any partners, but find a independent property management company or even better a person living in the park.
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26 November 2019 | 4 replies
Nothing banks and other investors like to see more than income that is independent of the asset.
26 November 2019 | 4 replies
Unfortunately, the lenders look at Independent Contractors differently...and require more documentation because you are self employed.
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18 December 2019 | 122 replies
@Marduk MooshoolzadehI certainly do.I would suggest listening to the choosefi.com podcasts on financial independence.
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2 December 2019 | 23 replies
God, I used to be a simp about cars.I would use the time that your boyfriend's in nursing school to learn more about personal finance and financial independence.