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14 August 2018 | 7 replies
@Daniel Rutherford Before going into the finance details, will the on-line auction even allow it to be financed?
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13 August 2018 | 3 replies
@Ryan Stevens You can get a bridge loan or some other short term financing but you are going to play a lot for it and they are all going to require at 70% LTV so you would need $75k on top of paying upwards of 10% interest on it.Maybe @Andrew Postell has a product he could help you with.
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5 June 2020 | 36 replies
Gated community, 3/3/2car 1512sf built 2006 Monthly costs Hoa 66, insurance 57, management 89, taxes 58 rents for $1125 $212k value = $170k loan @ your 4.612% = $873 total $1143 (minus $18/mo)In the last year I had to paint the trim ($500) and fix clothes washer ($237)#2 preferred single story model, not Gated community, 3/2/3 car 1456sf built 1993Monthly costs Hoa 0, insurance 44, management 90, taxes 64 rents for $1125 $250k value = $200k loan @ your 4.612% = $1027 total (minus $100/mo)In the last 2 year I have had zero repairs #3 non-Gated community, 3/3/2car 2200sf built 2007Monthly costs Hoa 57, insurance 46, management 98, taxes 74 rents for $1375 $264k value = $210k loan @ your 4.612% = $1078 total $1353 (plus $22/mo)In the last year I had to replace the stove ($590) and fix a sewer line blockage ($125)In north Las Vegas sewer is included in garbage,recycling/water bill from the city. in Las Vegas I bill the tenant for sewer per the lease (about $250/year)
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7 April 2020 | 14 replies
Bottom line it, no matter if it is Primary Residence, was a primary residence, or is rental, if you take out any type of HELOC or equity loan, and use the proceeds for reinvestment, you can deduct the interest on those loan at the reinvestment level, only to the extent you reinvest it.
15 August 2018 | 4 replies
What I say is around the lines of "you may be aware of not but the the county has listed your property for a tax sale, you can still avoid the tax sale if you pay the taxes before the deadline but if you rather just sale this property, I would like to have the opportunity to buy it from you".I have also considered using the line "I'll buy it from you before you loose it to the tax sale" but I decided against it as it is deceptive and could be seen that way.
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13 August 2018 | 4 replies
He's telling you to wait a week because you're going to go look at cars in person, or put your contact info on some website, to "think about it" a week earlier than whatever he tells you (this is 100% true, and as a lender I will not believe you if you tell me otherwise... sorry :P ), and the second you walk onto that car lot a bunch of car salesmen are going to descend upon you, deploying various lines of BS as a pretext to run your credit ("it's a soft pull" or "we just need your SSN to verify you aren't a terrorist, we aren't going to run your credit") and close you on a car that very day, and there is greater than a 0% chance you will believe what they tell you and screw everything up.The rule is that whatever you tell homebuyers not to do, some non-trivial percentage of them are going to push it one notch farther than you tell them.
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19 August 2018 | 5 replies
It depends on the product and where you're building @Yasser Siddiqui.
14 August 2018 | 2 replies
Reach out to wholesalers in your area that can send you deals along the lines of what you're looking to do.
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14 August 2018 | 9 replies
Rather I went by line item and estimated on the big ticket items (floors, framing, doors, walls, kitchen, bathroom, electrical, plumbing).
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22 October 2019 | 2 replies
If you have a tax company and real estate that is paid off, you should have no problems getting an unsecured line of credit.