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1 January 2016 | 17 replies
The HOAs are not going the extra step to get certified.
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5 August 2015 | 6 replies
Not a big difference but I do have some equity to free up that can be used towards a future down payment.My biggest issue is that I have great credit and would be more concerned about the potential negative effect of a credit inquiry, and might be better served simply using the good credit (as is with no further inquiries) in order to borrow a bit more (instead of a refi for extra down payment money).
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5 August 2015 | 9 replies
I still have no idea why people use buyers agents instead of dealing directly with the listing agent.Unless you don't know the area well and need advice or you otherwise don't understand how the home buying process works, I can't see a need.I find they cloud things up and create an extra layer of mesh to get through.
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5 August 2015 | 4 replies
If there is no escrow account open with the down payment (extra cash on top of rent) going to that account, where is it going?
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20 August 2015 | 5 replies
There is going to be a very very sharp learning curve that will end up costing more time and money than you anticipate (most likely) If your partner believes in you as a person rather than just the deal they will navigate those difficulties with you.
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2 September 2015 | 11 replies
I currently exercise a buy and hold strategy, but have decided to do a couple of flips in between rentals to generate extra working capital.
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8 August 2015 | 5 replies
hi guys and gals I have a question my father wants to buy a home for my sister he already has a mortgage with the VA he's a Vietnam vet he doesn't have extra cash on hand he does make very good money 120k a year and he's just started getting s.s. benefits at 1400 a month the home he wants is 125k and the seller is taking off 12k because we know them and it needs a roof and other cosmetic fixes so selling price is 113k my sister wants to do more rehab and give it an open floor plan so about 50k what loans will give us the purchase price plus rehab?
9 August 2015 | 13 replies
I do know that hotels have to pay an extra tax (something like 0.5%) because their tenants are "transient," (under 6 months), in the State of Florida and most likely other states as well.
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7 September 2015 | 6 replies
Some investors want to know the seller has an actual legitimate hardship, and/or are looking to see if they can't get some extra cash from the seller at closing, or to issue a 5-10 promissory note to the seller to reduce the delinquency.There is also the issue of the investors requiring a lot of exceptions to offers that hold up the actual deals.
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18 May 2016 | 47 replies
I feel like I should at least be making some cash flow, but after the mortgages are paid, PM collects her fee (8%) and any repairs,maintenance, taxes or insurance are paid, I'm left with no extra income. something seems amiss here and when I ask PM she says this is normal and to be expected the first few years of owning rental property.