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23 February 2024 | 11 replies
In the Denver area it was almost an entirely cash market--we once received payment of nearly $50k, in one hundred dollar bills, in recycled baby wipe tubs.
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22 February 2024 | 8 replies
The best strategy I have been seeing work lately is the BRRRR method with section 8 tenants.
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22 February 2024 | 1 reply
For primary residences, lenders typically don't require PITI (Principal, Interest, Taxes, and Insurance) reserves beyond the down payment and closing costs.
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21 February 2024 | 7 replies
You will not get a conventional loan like owner occupied with lower down payment etc. you can get a loan but you will need 20-25% down.
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23 February 2024 | 10 replies
Surprisingly, Craigslist yielded the best results as I found my first tenant whom has renewed twice already and has never been late or missed any payments.
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22 February 2024 | 9 replies
And is there any path to a lower down payment using creative financing, or is 20% pretty much what it is?
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22 February 2024 | 10 replies
My tenant left without making a payment and upon inspecting the house I found a few damages to the property (like 3 doors need to be replaced ...etc).
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22 February 2024 | 13 replies
If your looking at a SFR property, have good credit, and 5% down payment instead of 3.5% you may be able to get a better deal with a conventional loan.
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22 February 2024 | 9 replies
For example, if I take the DSCR loan myself and use a HELOC for the down payment, the property is in my name, but I have friends and associates who might want to invest, say $5k or $10k.
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22 February 2024 | 4 replies
Save as much money for a down payment as possible.