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2 December 2013 | 6 replies
Conventional for mixed use financing will require:The property must be a one-unit dwelling that the borrower occupies as a principal residence.The borrower must be both the owner and the operator of the business.The property must be primarily residential in natureA gift can be provided by:• a relative, defined as the borrower’s spouse, child, or other dependent, or by any otherindividual who is related to the borrower by blood, marriage, adoption, or legal guardianship;or• a fiancé, fiancée, or domestic partner.The donor may not be, or have any affiliation with, the builder, the developer, the real estateagent, or any other interested party to the transaction.Gifts must be evidenced by a letter signed by the donor, called a gift letter.
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29 November 2013 | 18 replies
At 25 you've got at least another 20 years of investing and if you wait a year or two, and then start a snowball effect to buy more in year 3 or 4, you will feel way more comfortable building your empire!
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27 November 2013 | 5 replies
And as the average household has become more and more comfortable with the Netflix medium, this was certainly the death knell for Blockbuster.
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2 December 2013 | 6 replies
You have a good plan, just remember to buy what you can comfortably afford, and I think a great option to think about for younger investors (when you're financially ready) to start with is to consider a multi family, live in one, fix up the other, welcome to real estate investing :-) Just an idea to keep in mind when you're ready, but good luck and happy learning.
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8 December 2013 | 30 replies
Child support can be another lien that attaches.
3 December 2013 | 14 replies
You should have a firm handle on the area of the city you are investing in before you ever make your first offer, and you should be comfortable with the decision to purchase in that area.
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30 November 2013 | 3 replies
Like I said, I believe rating rentals is subjective and relative to where you are, where and how you were raised, and the people are comfortable around.
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1 October 2014 | 6 replies
Once you find one you feel comfortable with you should have them run your scenario and explain any obstacles you may need to hurdle.
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3 December 2013 | 17 replies
I think if it were me personally, how comfortable (and safe) my wife would feel in a neighborhood is the primary consideration if I were living there.That said, picking a home out you need to consider your long term goal with that home.
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11 February 2014 | 11 replies
They have been a great resource for me as I advance my knowledge and comfort level to move onto my next project.