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1 April 2024 | 20 replies
Forced Apperception (BRRRR or buying at a discount) allows me to build in equity from the beginning.Market Appreciation is where you will make the most money over a 10-year period but is the least predictable.You typically cant get a second position loan or HELOC from an investment property.
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1 April 2024 | 10 replies
Are there any resources where you can put your income, purchase price, down payment and credit score and see potential rates and which lenders do it?
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1 April 2024 | 4 replies
@Cillian KellyI never do because my rate is 3%.
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1 April 2024 | 13 replies
Also insurance rates are cheaper in SC than FL.
1 April 2024 | 4 replies
The property I've set my sights on is a 9-plex where the owners are willing to carry 70% of the loan at a 5.5% rate for a $1,800,000 building.
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2 April 2024 | 8 replies
How you proceed will depend on a few factors:- financing will depend on your exit strategy - you'll be best off if you can decided the exit plan (LTR, MTR, or STR) before buying- Since you're not employed and living on savings, what is your burn rate and your cash runway?
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2 April 2024 | 7 replies
People's debt, tax rates and situations vary greatly.
1 April 2024 | 11 replies
I asked about costs/rate/terms and he said "6 percent" interest for 5 years.