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2 April 2019 | 10 replies
@Christine G. you could refi cash-out at 80% LTV, that's a $176,000 loan and you can use the proceed for a fixer up with Fannie HomeStyle, you only need 15% downpayment, lets say you find a $150K SFR that needs $50K in repairs, your purchase price will be $200K, with 15% down, that's $30K, build 3% in seller credits for closing costs and you can roll the mortgage payments during the renovation into the loan if the house is inhabitable.
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6 April 2019 | 5 replies
Im about to turn this liability in to a asset and keep rolling on ........
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24 April 2020 | 8 replies
Have an attorney sign as "nominee trustee," which is then rolled over to you as trustee after it is formed (this way not only is your name NOT on public record, but it is your attorney's name - so it is protected under attorney/client privilege.)
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31 March 2019 | 3 replies
You would be smart to not put an extra dime into this property, leave the tennats to pay the mortgage and sell in a few years before the expences begin to roll in.
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31 March 2019 | 2 replies
If finances are the issue, why wouldn't you sell the house and roll the cash into your next deal?
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31 March 2019 | 3 replies
One or two decent wholesale deals could easily put $10K in your pocket.Meanwhile, it sounds like you already know you should roll your existing QRPs into a SDIRA, which you will eventually need when you shift your investment career into high gear with advanced strategies that will engage your "financial friends" with SDIRAs of their own.
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31 August 2020 | 6 replies
@Esther Shpak for the flips you could consider FannieMae HomeStyle renovation loans for investment properties, only 15% down and no pre-pays, you can also roll in the mortgage payments into the loan during the renovation
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10 April 2019 | 44 replies
. ($150) two windows framed in with basic headers and cripple studs1/2" 4 x 8 drywall (5 sheets @ $12ea = $60 ) tar paper or Tyvek ($40 x 1 roll) sheathing/standard osb (5 sheets at $20/sheet = $100)Lets assume this isnt a wet wallLets assume theres no siding yet since that wasnt included.
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6 April 2019 | 7 replies
My point is, maybe the guy had a garage sale the day the satellite rolled over his property and the next day it was cleaned up.
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3 April 2019 | 30 replies
Responsibility and value rolled into one:) I do like Roths.