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14 September 2021 | 6 replies
If you want to address plumbing and/or electric, your contractors will typically want each tier to be vacant at the same time.
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16 September 2021 | 55 replies
Wasn't my house but I helped a guy fix his plumbing this past weekend.
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10 September 2021 | 1 reply
2-4 unit properties are convoluted with more than one valuation method being both the income and comparable sales approach.
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10 September 2021 | 2 replies
I'll have the HELOC open anyway for doing my renovation, I'll be able to pay it back in 6 months (after I refinance) and was considering closing it after that but wanted opinions on if anyone has used this method as additional line of funding to use as down payments or as renovations.
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10 September 2021 | 1 reply
Per our contract the seller was supposed to fix plumbing, electrical and structural issues that we found in the inspection.
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10 September 2021 | 0 replies
Hello guys,Recently acquired a 2 family.Tenant should be moving in soon.The process went over budget (more than expected).The result is I am carrying credit card debt.I have a plan to pay it down to zero that will work just fine (the avalanche method).I would like to speed up the process though and pay less interest in the process.My credit score has dipped as a result of the credit card debt (to around 624).So may not be eligible for a 0% balance transfer or personal loan.Ultimately I want to get my credit score back into the excellent range for when I refinance out of the FHA loan.Any hacks or tips that anybody could share would be greatly appreciated.Thank you in advance to anybody who has any advice to offer.No canvasing please.
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14 September 2021 | 2 replies
This forum is mainly for BRRRR method techniques and questions.
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13 September 2021 | 13 replies
I would prefer also, to do the BRRRR method, to get my money back for property #2.
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22 September 2021 | 13 replies
It is in another state (Detroit), is tenant occupied, and needs many repairs (new roof, electrical work and plumbing to name a few).
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14 September 2021 | 21 replies
Especially if you use the BRRRR method, you can pay back that HELOC after you finish the cash out refi