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11 December 2018 | 7 replies
To be honest, unless the numbers are drastically different, I wouldn't worry about it too much. 100k at 5 vs 5.5% is about 30 a month difference on a 30 yr fixed.I would select the bank that offers the widest variety and most flexible loan products so you can use this as a chance to start building a relationship with them.
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11 December 2018 | 3 replies
I've always multiple general sources:1) Local investor friends - this is where I hear about a variety of general topics and can stay up-to-date on trends2) Books on topics that have caught my interest.
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14 December 2018 | 11 replies
Think about the fact that having to float for just 2 weeks—which you will with frequent tenant turnovers—will take All of your leftover cash flow for the year.Get yourself a copy of David Greene’s book on long distance real estate investing.
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18 December 2018 | 19 replies
From what I understand, there are monthly (or maybe even more frequent) meetings and it would be extremely hard for me to make those with a full time job @Courtney Fricke.
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14 December 2018 | 7 replies
This basically stops wholesalers / flippers in their tracks (unless they're willing to do a double close).We do this because my Seller clients (especially the developers) frequently want to know who is buying the property and what they're going to use it for.
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21 January 2019 | 5 replies
It’s not a bad idea to try and find someone more experienced to bring in, may have to start frequenting a local REIA.
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23 June 2019 | 12 replies
Once you have 25+ properties you can sustain more frequent turnover, vacancies, and expenses.
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17 December 2018 | 5 replies
The truth is, many many underwriters won't get what @andrew postell is accurately telling you or their company has overlays that inhibit them and before you actually do find that underwriter/needle in the haystack you'll most certainly spin your wheels with a variety of lenders with the potential to drop your credit score after a monster amount of credit pulls.
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10 April 2019 | 5 replies
There are a couple CPA's/Accountants on the message board who are frequent contributors to the forums.
8 March 2015 | 3 replies
I have noticed that a high volume frequent flipper in my area does not do little things like change outlet covers, or replace appliances, or will leave some older fixtures in place.