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11 March 2024 | 16 replies
On the properties you are looking at based on current mortgage rates etc you can profit $10k per property or more if you are self managing.
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10 March 2024 | 5 replies
That being said I’ve been trying to get seller credits for a 2-1 buydown on my rate.
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11 March 2024 | 10 replies
With rates being north of 7% it's going to be pretty tricky to find anything that will cash flow.
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11 March 2024 | 7 replies
These things happen but not from normal wear and tear at the rate we were receiving maintenance requests (2-3 a month).
10 March 2024 | 7 replies
The banks don't want to give you a low interest rate that might be higher if you closed with an LLC.
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10 March 2024 | 10 replies
Otherwise just Thanksgiving and Christmas/New Year.You should be able to adjust the nightly rates for the off season.
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10 March 2024 | 6 replies
The couple is divorced. both names on the mortgage. went to auction for foreclosure now. some equity for the owner probably still in property. existing/defaulting FHA loan at a low rate.
13 March 2024 | 70 replies
Anyway.. they would video tape the actual closing and the main reason was to go over the terms of the NOTE.. this is 15% interest you go into default by non payment or non payment of insurance the rate jumps to 22% this is short term loan its due in 12 months if you dont pay we have the right to foreclose or we can charge another 5 points just like the points your paying today.
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8 March 2024 | 4 replies
I've heard that a lot of the Sub-To deals that the bank's have previously turned a blind eye to are having their Due On Sale Clauses enforced now that rates are remaining higher for the foreseeable future.How ya'll keeping the grift going now that the buck is due?
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11 March 2024 | 12 replies
Yeah, my only STR's are/have been former primary residences that are in my portfolio because I didn't want to sell them, and because I've had so much demand on them they end up being MTR's (one STR guest stayed for 2 years lol, paying STR rates).