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29 November 2016 | 11 replies
Some of those that you consider as competition might be nice to you.Always do the math analysis and try to look at the prospective property before you make an offer or at least have a clause in the sales contract that allows you some time (probably about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.
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28 August 2016 | 6 replies
It allows me to build equity to recover if I sell out, or use to get a second property...options are there.
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3 November 2022 | 9 replies
Seemed like getting those surfaces in good enough shape for cheaper, thinner LVT would be problematic.
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30 August 2016 | 9 replies
For example, Dumont, New Jersey just raised property taxes 2.35% (above the state-mandated 2% cap), however their Rent Control Ordinance only allows Residential Landlords to raise rents by the CPI percentage, which is currently 0.008%!
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23 September 2016 | 6 replies
The contract will have an agreed upon appreciation value built in, appraisal allowing.
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31 August 2016 | 9 replies
your statement was correct pre 08 but not post 08.In many ways with many HML getting a loan will require the exact same qualifications as getting a loan from a bank.. tax returns credit income and experince.. the place for the HML is simply banks DO NOT do rehab loans.. so this has allowed the HML to firm up the requirements.
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29 August 2016 | 9 replies
John Thedford are you saying that Florida doesn't allow wholesaling?
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27 August 2016 | 4 replies
Not only does this create a less fearful first contact environment for the seller, it also helps you qualify them before getting on the phone and best of all allows you to capture their phone number even if they don't leave a message.Although not directly related to finding the deals, I would add that in any highly competitive area speed and personal touch can make a huge difference.
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27 August 2016 | 5 replies
I paid the mortgage off years ago but do have an equity loan and line of credit on it in my name.I am looking to find a good group to work with and partner with as i begin, and my goal is in 3-5 years to be able to match my monthly net income, although i have no idea how it will all work so thats very tentative.I do know in the end i would like to have a net income that will allow me to leave my day job or be able to supplant it if for some reason it were lost. i am really driven to succeed at this.
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28 August 2016 | 3 replies
Here's a much earlier thread (by Steph's teacher) that has interesting bits from Steph herself, in between the "for and against" hyberbole:- https://www.biggerpockets.com/forums/79/topics/410...Fast forward seven years, and the latest reincarnation appears to be: quickflipninja.comThere are multiple threads about that one too eg:- https://www.biggerpockets.com/forums/79/topics/179...Everyone needs to make up their own minds as to yea or nay regarding allowing themselves to be upsold into expensive education/mentoring, or, researching the same info for "free"!