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16 July 2018 | 9 replies
Also, when i crunched the numbers, it was a lot of typical rates, like 4% for interest, expenses etc.
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22 June 2018 | 2 replies
Hey @Joshua D.You need closing costs, so add 5% ($25,000)Needs repair costs (unless they're currently rented) add $39,000Unless you're taking over the loan, you'll need a down payment, change 0% to 25% ($125,000)15 year AM is fine, you could also do 30 yearsManagement is typically 8% of gross rents, so pretty goodThe Rent/Price ratio looks too good to be trueMost investors struggle to reach the 1 % rule in B class areas, and this is a 3% rule.
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29 June 2018 | 4 replies
White board at every flip with meeting area6.
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16 July 2018 | 27 replies
Each of those will have 4+ homes in Dallas every week and even more in the surrounding areas.The best way to find smaller wholesalers who will typically leave more meat on the bones for you as an investor is to call the We Buy Houses signs you see littered on every intersection.
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5 July 2018 | 31 replies
Sure there are plenty of hurdles and head-scratching what-if's to work through, but I love the idea of furnishing homes that the tenants can truly afford, and not because they're white-collar DINKs or it's a household of 8 crammed into a 2-bedroom apartment.
22 June 2018 | 1 reply
LP’s don’t typically show an address, just a legal description.
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2 July 2018 | 9 replies
Yes you can do this typically a commercial lender or private lender is how this is done assuming it’s not your own cash
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23 June 2018 | 10 replies
IF I don't sell my condo, it will rent extremely easy and passes the 1% rule with flying colors.
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6 July 2018 | 15 replies
This would leave you will two instead of one and in Texas SFR typically don't rent for as much per sq ft as a multi family would.
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23 June 2018 | 3 replies
Typical city apartment living.