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26 July 2018 | 1 reply
He would either put up all the capital for the purchase & renovation, or he would provide the initial capital and the additional financing.
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17 August 2018 | 30 replies
I saw that you said the property manager has a lot of experience with turning units to get them reno’d so maybe the additional 6 months to a year of rental premiums could be your hedge on that $50k in repairs that needs to be completed, as long as it makes sense for you guys.
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8 August 2018 | 63 replies
I set aside 8% per month for vacancy in addition to 5% cap-ex, 5% maintenance, 10% PM (which they take directly), etc.
28 July 2018 | 5 replies
(My husband has another full time job in addition to flipping).
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7 September 2018 | 13 replies
In GA (if that's where you're looking in invest), after winning an auction you are issued a "Redeemable Deed" that, if the property owner redeems, the winning bidder is paid back their investment amount, plus 20% penalty on the first year of elapsed taxes, and 10% on any additional year after.
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28 July 2018 | 4 replies
Last year we bought a property with three mobile homes on it and this year we just bought another property with 3 different lots but only one mobile home on it that we plan to fix up and put an additional two MH's on it.
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26 August 2018 | 17 replies
@Ryan Pilioglas In addition to whatever school you choose, I would look up Prep Agent on YouTube.
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15 August 2018 | 12 replies
A foreclosure afterwards does do some further damage, but the majority is already done.If the property sells at the foreclosure auction for more than the judgment amount then they would get the balance, assuming there are no additional liens..You will hear a lot of untrue and exaggerated claims and ideas in guru “training”.
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31 July 2018 | 15 replies
Hi @Alison CrawfordA few additional thought to my earlier message.- 3-4 units still puts you in the residential category- 5 or more units is commercial residential and most lenders will expect you to have experience and will generally have more restrictions on the lending process- A 10+ cap rate in the Boston area will be extremely challenging to find unless you are planning on a massive value add or redevelopment- No idea what your personal financial situation, but a 3 family in Worcester versus a 20 unit requires a very different upfront financial commitment.
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30 July 2018 | 2 replies
The foundation company is now wanting to charge an additional $3500 to put in 4 more piers, not to mention I will have to spend another $4-$6k to repair and restain the hardwoods, which can't really be done while we are living there.