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1 July 2024 | 0 replies
Purchase price: $250,000 Cash invested: $20,000 Sale price: $350,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on Owens Creek Road, Catheys Valley, CA.
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28 June 2024 | 12 replies
But this model would help in getting together the necessary funds (especially for a down payment and minimizing the potential interest on a loan), while bringing in legal complexity.
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3 July 2024 | 10 replies
I use to be sold on the Umbrella policy but then you have to up all your insurance premiums to meet the Umbrella policy which kills your cash flow.
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2 July 2024 | 10 replies
You can put you funds into assets that are positive cash flowing.B) Personally, I do not like holding assets that negative cashflow.
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30 June 2024 | 5 replies
Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit.
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28 June 2024 | 4 replies
@Justin Reyes Let me ask you this...If you owned a marketable piece of real estate and no longer cared to own the property what would you rather do: (a) Sell the property, pay off your mortgage and move on to other opportunities; or(b) Sell the property without paying off the loan, remain liable for the loan as the note signer and trust the buyer will continue to make payments on that loan, and if they don't your personal credit is damaged?
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29 June 2024 | 2 replies
I don’t ever think that investing in real estate is a bad idea, especially if you can start with it being your primary residence.If you can keep up with the monthly payment, you would be looking at both mortgage pay down and appreciation within 3 to 5 years.
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30 June 2024 | 2 replies
. :-)If the point is just to have cash you can do a cash out refi and get 75-8o%.
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1 July 2024 | 4 replies
It's been about 20 years since I have gotten a mortgage since I usually pay cash.