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13 August 2020 | 1 reply
Definitely a very broad (and personal) question but I was wondering what people look for besides the ones I mentioned above, specifically to house hack and increase the value of the home.
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19 August 2020 | 8 replies
I think you're a bit too broad, being open to more cities is going to make it impossible to find a deal.
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13 August 2020 | 1 reply
I would like to sketch the broad outlines of the deal, the property's value, etc. and entertain offers from one place, eliminating the need to post the same inquiry to scores of different lenders/investors.
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13 August 2020 | 3 replies
I track a couple lenders closely, the ones I most commonly use -- I track live pricing for realistic deliverable scenarios representative of my market, not whimsical fake scenarios featured on internet mortgage ads.Yesterday to today change.
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14 August 2020 | 2 replies
There are many articles on the internet that show as little as 1-2% of property investments cashflow.
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14 August 2020 | 1 reply
There are many articles on the internet that show as little as 1-2% of property investments cashflow.
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20 August 2020 | 6 replies
I would get larger lists and then spend time culling them through driving for dollars, internet research and skip tracing and then making a harder sell to the best of the lists instead of spray and pray which is mojo dialing.
17 August 2020 | 20 replies
A sailboat was actually the initial plan but I was worried about internet connection.
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18 August 2020 | 2 replies
Thats a bit of a broad question because there are a few diff calculations involved but...Spread sheetstake the purchase price write it downtake the repair costs...write it downgross rental income after its repaired...write it downholding costs...write em down ARV write it downConsider how much its going to cost you to buy, fix, and hold...cross reference that to how much you want to pull out in a mortgage afterwards. consider what interest rate you're going to pay.example purchase price - 100krepairs - 50k holding costs (3 mo) - 2k gross rents after repair -1800ARV - 225k say you pull out 70% of the Arv your getting $157.5k so basically cost you next to nothing to docalculate your monthly mortgage payment, all expenses and operating cost say that comes to 1400. try to reverse engineer it, practice on properties you find on the market that need work. get familiar with these types of calculations
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17 August 2020 | 5 replies
Being a landlord in general is a very broad topic that includes tons of subtopics and related questions, so if you have specific questions, please reach out and I would be more than happy to help you.Laticia