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2 October 2016 | 2 replies
Mine was a flip turn key property so with these new lower sales and the quicker relocation than I was expecting I would lose 15k just on sale price plus have to take a huge credit hit and lose my VA benefits.
1 October 2016 | 4 replies
I am going to assume you don't declare that income to the IRS on your tax return and pay the proper amount of taxes on it.If it is not on your last two years of tax returns,you will get no credit for it from the traditional banks and lenders which means you ability to borrow money will be based solely on what little you do declare and have taxed properly.Your savings and checking account s and stock holdings are irrelevant,only your verifiable monthly and yearly income.Your only choice would be a hard money lender at an enormous interest rate.
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3 October 2016 | 4 replies
Try and find a Local Community Bank, Credit Union, etc.Raymond
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13 October 2016 | 16 replies
Close on both this coming week so I'm wondering what everyone is using for there credit background checks that are free or purchased.
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3 October 2016 | 4 replies
Since I recently had some expensive credit card and medical bills, my cash reserves are extremely limited, but I would very much like to make this deal happen.I own two other rental properties and both currently have tenants.
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8 October 2016 | 3 replies
I'm at the beginning stages of my investing (love the podcasts) and was wondering if any veterans out there had any 'Tax Hacks'.I've considered getting a separate credit card just for my rental properties, but was wondering if it would need to be a different card for each individual property.
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16 October 2016 | 2 replies
Next step is to dispute the transaction through the credit card company.
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7 October 2016 | 4 replies
Will need good/great credit scores and probably 25% plus down.
2 October 2016 | 4 replies
However, since both units are rented this would be classified as an investment property in which case your rate will probably be 4.00% to 4.250% on a 30yr fixed depending on FICO credit score.The maximum loan to value for a cash-out transaction (investment property, duplex) is 70%.Based on the information you've provided it doesn't appear the value is high enough for the property to be eligible for a cash-out transaction but you can still remove PMI.If you want to send me a PM I can run a complete analysis to see if removing the PMI will offset the slightly higher interest rate.I'm also licensed in CA so if you're looking to purchase a property I can help with that transaction as well.
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2 October 2016 | 3 replies
As long as u can put it on a credit card, I'd never worry about it.