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15 April 2024 | 11 replies
Here are some steps to help you connect with investor-friendly real estate agents and successfully invest in your first home:It's helpful to have a basic awareness of the local real estate market, including average property prices, rental yields, school district ratings, and area amenities, before contacting agents.
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13 April 2024 | 4 replies
After that we will transfer the ownership of the property to me, then I will rent it out and I will own a cash flowing property right out of college.
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11 April 2024 | 23 replies
Thank you for clarifying that Erik, it made me a bit nervous since wire transfer fraud is fairly common.
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15 April 2024 | 5 replies
However, she did warn me that both HELOC and DSCR rates are insanely high at the moment, but she said that it's a possibility if I can make the payments.
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14 April 2024 | 3 replies
The current property has a VA loan with a pretty great interest rate (2.375%).
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13 April 2024 | 8 replies
Yes physical cash, I'm also worried about putting the money in to others bank accounts and then them getting taxed on the money because it'll look like income even if there just transferring the money to the lender.
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15 April 2024 | 4 replies
However, she did warn me that both HELOC and DSCR rates are insanely high at the moment, but she said that it's a possibility if I can make the payments.
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14 April 2024 | 4 replies
I've done a fair share of researching but some things I havent been able to get very clear answers on.I'm looking into possibly buying a laundromat on seller finance and I want to be able to talk to the seller and negotiate terms that benifit both of us that I can still profit with the business.I guess im looking for a clear cut of all the parts of a seller finance deal, how to structure it, and how to negotiate it if countered. example, If i put 10% down, they finance 90%, whats a good or bad interest rate if any, how long of a term, what should the payments look like etcany advice would be a huge help to not only the laundromat but Real estate in general!
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14 April 2024 | 15 replies
You can create with transfer of retirement funds from employer or your current mutual fund.
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12 April 2024 | 8 replies
I've picked up from a few others on the forums the banks rely on the fed rate for their construction rate financing, and this seems to be where the rate currently exists.