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23 January 2025 | 56 replies
It actually is a solid program.
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8 February 2025 | 13 replies
To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!
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20 January 2025 | 31 replies
Reason why is if you go to sell it, people are not going to comp it based on 40 year loan.
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16 February 2025 | 7 replies
•Work with a Realtor for Rental Comps:•Your go-to real estate agent can pull accurate rental comps from the MLS, which will show what homes actually leased for—not just their asking price.3.
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16 January 2025 | 15 replies
It is not uncommon - main reason we see right now is over inflated original ARVs and now borrowers cannot sell and pay off the lender.
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19 January 2025 | 51 replies
I pull actual credit reports with all of the details.
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4 February 2025 | 5 replies
Someone mentioned wanting to be within driving distance of a property, but I actually prefer not to be close.
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30 January 2025 | 7 replies
Cleaning up our work area, I remembered what my old co-worker once told me on the construction site "There are 3 ways a job gets done: One way in our head, another way planned out, and how the job actually goes."
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5 February 2025 | 5 replies
I think that's one of the reasons that I didn't post very much on BIggerPockets, it's because I was just trying to keep my head above water.But now it's 2025 and things are stabilizing and I have a much more positive outlook on the future.Let me know if any of you had a couple of difficult years recently and how you were able to turn it around if you did.
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9 February 2025 | 8 replies
@Felicia NituIn addition if you actually want to realize that value, you need to count another 5% for selling costs, and the taxes from the sale.Assuming a 20% capital gains tax, your total ROI on the above scenario would be about 12%, even with the numbers you were using.