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26 August 2017 | 21 replies
For instance disabled, or over 65 or homestead exemptions can significantly lower the property taxes until you buy the house as an investor and everything is reassessed.
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23 August 2017 | 1 reply
Hello AllI am meeting the end buyer of my whole sale transaction tonight (1st one).
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23 August 2017 | 2 replies
I used the cash to pay off the final bit of my credit card debt to improve my credit score even more (it's currently at a low 700) so I can qualify for lower interest rates.
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30 August 2017 | 11 replies
Keep in mind if the description/pictures show the home needed a lot of work, then the price will be lower than normal, and alternatively, if the description/pictures show the home was completely renovated, then the price would be on the upper end.
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23 August 2017 | 3 replies
The HELOC had a stipulation where I had to take out at least $40,000 and keep it out for three months, in order to get a lower interest rate - I guess so the bank would get some of their interest right away, although I'm supposed to close on the property soon.
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1 September 2017 | 3 replies
They need to be legitimate transactions.
24 August 2017 | 18 replies
@Michaelmy apologies some times it takes me a little bit to answereasiest way to explain formula for youArv is After Repair Value meaning after full renovation or repairs this is what the house will sell for 30-60 days max based on comparable sales (aka comps)I prefer lower 60% of the ARV, because I prefer to flip to a retailer, by wholesaling, and earning a small fee for finding the deal and securing the property via purchase agreement option or a few other various formsmost of my ppl buy at 65% or 70% so due to my preferred method of wholesaling, I must buy at prices below these "strike prices" or buy prices...just so you know I am a contractor, so my repair costs are known when I look at property.
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6 July 2019 | 13 replies
it seems as if option #1 allows you to quickly scale with less money (basically furniture and a security deposit) but has the downside of lower margins since you're not building equity.I've also thought of other ideas such as buying a few properties under a llc with several other investors, where the total cash per person would be the same as if you bought 1 property by yourself but it's diversified across different markets and reduced risk.
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23 August 2017 | 2 replies
How many transactions have you closed, with investors?
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24 August 2017 | 5 replies
Some states, like NC, regulate contract for deed transactions.