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18 March 2024 | 10 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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19 March 2024 | 22 replies
Is there a way to do this legally that would provide a tax benefit?
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18 March 2024 | 9 replies
I have one partner onboard who’s providing quite a bit of capital.
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17 March 2024 | 3 replies
I don't have a general warranty deed so therefore I can't provide only.
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18 March 2024 | 4 replies
Both conversations are going to provide you with a better understanding of the need and requirements prior to getting too far down the road with negotiating a purchase agreement with a property owner.
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19 March 2024 | 52 replies
In the event the tenant doesn't lose his/her voucher Section 8 will make the tenant pay the judgement amount to you in the event the tenant attempts to move into a new Section 8 property (if they've already moved into a property you'll likely have to wait until they move again).Also, get a lien against the person and file it at the local courthouse/municipality (this is done after obtaining the judgement).
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19 March 2024 | 18 replies
You can potentially find undervalued properties, rehab them efficiently, and achieve good rental income.Decent rents: $1000-$1600 rents provide a strong foundation for positive cash flow after factoring in rehab costs and ongoing expenses.Cons to consider:Market competition: Investigate how many other investors are using BRRRR in Wichita.
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15 March 2024 | 4 replies
Along with the FHA loan, check out the loan from the Neighborhood Assistance Corporation of America (NACA).NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.comI wish you all the best.
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18 March 2024 | 7 replies
You haven't provided enough information for people to help you here.
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18 March 2024 | 11 replies
If you go that route, with the purchase prices in Ohio, you could probably buy a few multi-family homes and rent them out to provide a solid cash flow.