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1 February 2025 | 15 replies
@Kwanza P.Leveraged means using a loan (leverage) to buy the asset.
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7 February 2025 | 5 replies
Considering a rate buydown on a DSCR loan?
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15 January 2025 | 10 replies
The balance on my bridge loan is $120,000.
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26 January 2025 | 2 replies
DIY A first-time DIYer can expect to spend several hours replacing a kitchen faucet.The time it takes depends on your experience and the faucet's complexity.You'll need tools like wrenches, a putty knife, and a small bucket.You'll also need materials like supply lines, silicone caulk, and plumbers tape.You may be tempted to be cheap and estimate only 30 minutes, but you should estimate an hour to be safe.What about the time to go to the property to figure out if a 2-hole or 3-hole faucet is needed, then drive to Home Depot to get it, drive back to install and then head either to the next job or back to the office?
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27 February 2025 | 26 replies
Thanks for your help.The advantages of house hacking/ buying a primary first over an investment property are that your down payment can be much lower (3-5% instead of 20-30%), and your interest rate will be much better with an owner-occ loan also (usually at least 1% less than investment loan).
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15 February 2025 | 10 replies
A turn-key provider would be a company that can handle everything from sending you deals that fit what you're looking for, assist in getting you pre-approved for a loan, rehab (if needed), management, and maintenance.
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22 February 2025 | 25 replies
I used a conventional loan and was planning on transferring the deed over to my LLC.
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4 February 2025 | 1 reply
Conventional Loan How did you add value to the deal?
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28 January 2025 | 8 replies
Then any rental income you could obtain from that property could be used as an income source for loan pre-qualification.
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29 January 2025 | 6 replies
Let's say you borrow $100,000 to pay off your $50,000 IRA loan, $25,000 on credit cards, and keep $25,000 for finishing renovations.