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15 August 2024 | 4 replies
Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.
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16 August 2024 | 7 replies
Tried signing up but haven't gotten any confirmations from you yet.
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15 August 2024 | 18 replies
I use quality TP from Sam’s Club and supply 3 full rolls in each bathroom, adding a fourth for up to 7 night stays.
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15 August 2024 | 0 replies
We were so excited to go, but something came up, so we can’t make it anymore🥲The early bird price was $3,536 for everything.
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16 August 2024 | 4 replies
I’m trying to buy a house in Phoenix using a second home loan, putting 10% down.I'm trying to understand why anyone would choose the 2/1 buydown if you end up paying the same amount of money, whether you select the 2/1 buydown option or not.
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16 August 2024 | 2 replies
So if a note investor bought this for $40k, spent $10k to foreclose and be in it for $50k and end up with a $25k property - they will not be in business long.
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15 August 2024 | 0 replies
However, when you weigh that against the reduced maintenance and energy savings, it can balance out.Longer Lease-Up Time: New construction properties might take a bit longer to lease up compared to established neighborhoods, especially if the area is still developing.5.
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15 August 2024 | 13 replies
Most folks are willing to sit down and impart knowledge especially if you pick up the tab for lunch etc.
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15 August 2024 | 10 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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15 August 2024 | 8 replies
Go to local meet-ups, make friends with people who buy houses with cash, and look at lots of houses.