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1 July 2024 | 3 replies
In growing markets I’d always recommend BRRRRs over flips if possible.You'll probably still have to keep money in the deal but it's way better than putting down the whole 20% LTV.
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28 June 2024 | 13 replies
The return on your money in a bank is miserable while you wait to get rolling.
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28 June 2024 | 1 reply
Interest Rate: 4.25%Years Left on Loan: 26Estimated Monthly Rent: $1,750Annual HOA Expense: $2,268Annual Taxes: $1,746Annual Insurance: $1,674My concern with the numbers above is depending on capital expenditure projects and vacancy, we may not be able to cashflow.
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1 July 2024 | 3 replies
I would be using all of my own money for both the acquisition and the rehab.Also, I would (attempt) to GC this myself to save on the rehab.
28 June 2024 | 7 replies
Do they put the money in a third party account or do we just get a check?
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29 June 2024 | 10 replies
Facts to consider: The condo is in my husbands name, has been for about 5 years so the capital gains taxes would be ours to pay upon sale.
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1 July 2024 | 7 replies
For Section 8, if they damage your property they will LOSE their Section 8 money.
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1 July 2024 | 29 replies
Ultimately tenants who pay on time will do so regardless of the discount, so you are probably just throwing money out the door by giving money to people who would just pay on time anyways.I do recommend a discount for electronic payment.
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1 July 2024 | 1 reply
This strategy requires knowledge of local markets, renovation costs, and the ability to manage or oversee renovations.I am a loan officer and I could advise you on how to tap into that equity and put that money to work.
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27 June 2024 | 5 replies
Good morning, Has anyone had positive experiences with attorneys for the sake of lending private money for an investment property in the State of Ohio?