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16 August 2020 | 7 replies
@Nathan Adams depending on the size and location of the crack you could extend downspout ends 3-4 feet away from the foundation, Install a French drain, inject epoxy into the crack, apply some tar to the foundation or maybe a combination of these.
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7 August 2020 | 0 replies
Combination of cash, commercial loan through local credit union and seller financing (after hard money fell through due to covid)How did you add value to the deal?
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7 August 2020 | 3 replies
I have my entire development team & my operating partner specializes in affordable ALF and combining Section 8 vouchers with Medicaid Waivers & VA entitlement funds to subsidize the cost to the residents.
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9 August 2020 | 14 replies
My favorite is to combine strategies like value add and multifamily.
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8 August 2020 | 3 replies
Hi Brandon, I have been buying properties from a combination of cash out refinances and my helocs and then paying off my Helocs again with more cash out refinances.
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9 August 2020 | 2 replies
You could refi to consolidate, but you'll need to get to the point where the pay off number of the combined loans is <75-80% LTV.
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9 August 2020 | 5 replies
It's simply:Gross Scheduled Rent (GSR) - Vacancy (5%) - Maintenance and CapEx (15% combined) - Management (10%) - Property Taxes - Insurance=Monthly Cash Flow; I like to see $150-200/unit/month.
8 August 2020 | 2 replies
We have a combined yearly income of around 150000 and current housing expense is 8500, no other debt payments.Below a summary of the numbers:Our financial situation:- paid off home: 340000- property tax+insurance: 8300- Income: 150000- No other debt- 30000 in cash (not emergency fund), but would rather leave this invested in stocksRental properties:- Price: 140000- Repair: 20000- Value after repair: 170000- property tax + insurance: 7500- cash flow positive in year oneSome financing estimates I received:- HELOC: 289000 max @ 3.68%- Home equity loan (30Y): 289000 max @ 2.99%, closing costs 8257 - Equity loan 15y (non mortgage style) 289000 @ 3.99% fixed 240$ setup cost- Mortgage 20% down 30y: 3.99%I realize this is not a short and direct question, but I'm hoping that one of you experts could give me some guidance and advice.
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29 October 2020 | 7 replies
I’m looking to take advantage of the VA loan for our next PCS/move and combine it with house hacking.
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10 August 2020 | 3 replies
I am currently purchasing a 6 unit complex in the heart of Tempe near the ASU campus. 4 of the units are 2/1's with the other 2 being 1/1's I'm thinking on combining the 2, 1 bedrooms unit ( the are right next to each other) and adding an additional bedroom thus creating a 3/2 which will bring in an addition 9k yearly in revenue if we kept the units as is.