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29 April 2020 | 12 replies
It's possible they would adjust their numbers with appropriate info from you and/or the contractor, but before doing so, it's good to also get numbers from the contractor, based on the consultant's reportThird question, how much input do I have on the selection of the consultant?
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23 April 2020 | 15 replies
Two of the common areas of concern for HELOCs I see out there is the 10 year maturity date and the adjustable rate.
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20 April 2020 | 6 replies
You're on the right path, but will probably need to adjust your expectations.Current craziness aside, DFW has been a very good and very hot market for some time.
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19 April 2020 | 2 replies
I would say go through that and then adjust your offer.
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19 April 2020 | 5 replies
Using $100/mo/unit might be a decent starting point, but you should be quick to adjust that number up or down, depending on your answers to all of the above questions.
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20 April 2020 | 8 replies
I don’t want to be trapped with adjustable rates in the setting of runaway inflation...
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22 April 2020 | 6 replies
This will vary by state and I hear NJ has some crazy property tax rules, so you may be correct, but I still would double-check that number.Other than that, your post-refi numbers look good, and your rehab time seems short, but if you're sure it will only take a month I don't see a reason to change that.If the numbers work out after making the adjustments, this might be worth pursuing.Good luck!
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20 April 2020 | 15 replies
Price, in the real estate bull market we were in pre COVID-19 if you didn't receive an offer in the first 3-4 weeks price should have been adjusted down 3%-5% and repeated every 3-4 weeks until sold.
28 April 2020 | 2 replies
That cash just comes right back to us (whatever the partnership split is, think we just adjust that ahead of time?)
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21 April 2020 | 6 replies
These will adjust accordingly as I speak with agents familiar with the areas.