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18 September 2018 | 5 replies
Purchase price was 140k and 180k but both properties got about 50k of renovation right after purchase.
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16 September 2018 | 8 replies
A lower down payment decreases your cash flow (because you'll be paying a larger mortgage payment), but ties up less of your capital which you may be able to deploy elsewhere.
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18 September 2018 | 13 replies
Larger jobs it should be like 1/3 or 25 percent up front
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18 September 2018 | 8 replies
Like $300K property after the renovation of $50K, can you buy the LLC separate from me with property in it for $300?
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19 September 2018 | 13 replies
If you buy the property, renovate it, and then need to refinance into a Fannie/Freddie loan then an executed lease would be needed to use rental income to qualify.
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17 September 2018 | 20 replies
Anyway I would like to do some renovations to the home now (cosmetics only.. exterior work mainly) and also start working on kitchen and bath cosmetic updates.
17 September 2018 | 9 replies
The home was renovated down to the studs 5 years ago, new everything, so I expect maintenance costs to be lower than average.My gut says to take the money and run.
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24 September 2018 | 8 replies
So I would look for a location where appreciation is more likely and/or larger than the Midwest cities.I would go true multifamily.
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1 November 2018 | 40 replies
Keep in mind any real estate investment in an OZ must be a new build or a significant renovation (put 100% of cost back into the building(s)) Turn key properties will not qualify.
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30 September 2018 | 3 replies
Hi everyone, I was wondering what are some typical problems/ things you budget for based on the age of the house when renovating.