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21 May 2024 | 19 replies
Often, these buyer lists are comprised of unsophisticated buyers meaning you are competing on terms with other suitors who are poorly informed on value, cost etc. 2.
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19 May 2024 | 9 replies
Also get sellers credit to not have to pay as much closing cost!
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18 May 2024 | 12 replies
Lenders will want to verify you live somewhere else through various methods such as a utility bill, 12 months rent payments + lease, and/or a explanation regarding your current living situation
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20 May 2024 | 5 replies
That's at least $112k+ closing costs.
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20 May 2024 | 7 replies
FL has hands down the WORST cost's and process's for roof replacements I have every experienced.
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19 May 2024 | 10 replies
However, I lack experience in the USA market.I propose a hybrid investment model where the lender provides 100% financing for all costs and becomes a co-owner of the property.
19 May 2024 | 2 replies
In the request for order of possession, where is lists the cost in this proceeding, can I add the current and future two months' rent, plus additional costs including court, mileage and hotel stays ect.
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17 May 2024 | 11 replies
All cashflow after that will go directly to your bank account.When you make contributions from SDIRA on the other hand, you don't get to enjoy the cashflow and all profits right away since all proceeds go directly back into the IRA account and you end up paying taxes when you are ready to cash out.My question is what method do most investors prefer to go with when investing in syndications ?
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19 May 2024 | 3 replies
Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.
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19 May 2024 | 3 replies
Saving 3% per year will save you $1k/yr, $80/mo, of getting the loan costs you nothing.