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1 October 2024 | 12 replies
Maintain control of your rental.
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30 September 2024 | 4 replies
I would be maintaining and designing the site for free.
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30 September 2024 | 3 replies
By doing so, you can maintain an investment property while still accessing funds to support your cash flow needs.
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1 October 2024 | 6 replies
They handle:Monthly Payment ProcessingEscrow for Taxes and Insurance: They ensure property taxes and insurance are paid, which is essential to protect your interest in the property.Record Keeping: They also maintain records, which can be invaluable if any issues arise during the term of the loan.ConclusionGiven the details of your property and the $200,000 sales price, a possible scenario could look like this:Down Payment: 10% ($20,000)Loan Amount: $180,000Interest Rate: 8%Amortization: 30 yearsMonthly Payment: Approximately $1,320 (principal and interest)Balloon Payment: Due in 5 or 7 years (this allows for refinancing or payoff while giving you some flexibility).These terms are flexible and can be adjusted based on the buyer’s credit, down payment size, and negotiation.
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1 October 2024 | 5 replies
In a lot of cases, there was a drainage system installed but it was not properly maintained and therefore doesn't work.
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30 September 2024 | 10 replies
As you scale up, consider efficient property management through a company, to keep your properties well-maintained and tenants satisfied.
30 September 2024 | 3 replies
I am managing and maintaining 10 units currently and have been for a little over a year so I am starting to get a feel for things.
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29 September 2024 | 12 replies
With an ARV of $400-425k and an LTV of ~62%, pulling out your initial investment while maintaining positive cash flow around $500 per month sounds like a good strategy.
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3 October 2024 | 14 replies
**Interest-Only Options**: Some DSCR loans offer interest-only payment options, which can maximize cash flow in the early years of ownership, making it a great choice for investors focused on maintaining liquidity.5.
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29 September 2024 | 17 replies
Commit to spending less, paying off high interest credit cards, maintaining positive cash flow in your personal finances, and cleaning up your personal balance sheet.