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25 May 2024 | 3 replies
There are a few reasons for this: 1) They are costly and the Exchange intermediary may require a whole host of inspections including environmental reports etc and 2) One has to come up with the cash to buy the new property without getting the equity out of the first property - not everyone can do that - add in having to get a loan while still being obligated to the loan on the “sale” property.
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22 May 2024 | 0 replies
Hi Everyone,
I thought it would be helpful to share a couple of excel models that I use in assessing prospective real estate projects. These models capture the primary expenses associated with fix-and-flip and long t...
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24 May 2024 | 1 reply
Hi guys, so if i use my business credit cards with a liquidator to turn credit card into cash and i use that money to invest with, when i go to make payments to pay back my credit cards is that money i use to repay the cards taxable???
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24 May 2024 | 1 reply
Wanting to explore other options or find out other financial strategies for trying to build a detached home on our lot without having to refinance out of our 2.75 interest rate with a cash out or doing a HELOC.
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24 May 2024 | 10 replies
Not a cash flowing market anymore because we've appreciated so much and continue to do so!
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24 May 2024 | 19 replies
I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?
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24 May 2024 | 3 replies
And obviously, it rarely cash flows unless you can find property with an existing source of income that can be added to (a savvy strategy actually).
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24 May 2024 | 1 reply
My reasoning is because I simply do not qualify for a loan for any properties out here and units that are being sold off in smaller multi-family properties have ridiculous HOA rules that make it quite difficult to cash flow or just pencil out in general.
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24 May 2024 | 1 reply
Depending on the cash required, I'd probably look for a partner to fund the downpayment and renos, and do an equity split.