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6 January 2022 | 6 replies
This anxiety is normal for your first rental.
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4 January 2022 | 2 replies
Or just bite the bullet and purchase something a bit pricier to get my foot in the door and start leveraging.
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4 January 2022 | 7 replies
It's normal for the cost of goods to increase and most people understand this.
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5 January 2022 | 4 replies
That type of coverage provides an additional limit of liability (normally in increments of $1,000,000) above your home, auto, boat, RV, etc. liability coverage.
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23 March 2022 | 3 replies
.- All assets are removed from your name which will normalize your FICO credit score-They will require quarterly updates on your books-5-10 year balloon is the norm but expect prepayment penalties- Lender holds 3 months of reserves Here was my breakdown when first exploring this: https://www.biggerpockets.com/...Properties 20+: PLAY WITH THE BIG BOYS:Flush with cash after the cash refinance and hopefully additional capital the number one priority is acquiring properties.
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12 June 2022 | 4 replies
Rates moving around is "normal course of events" type stuff.
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10 January 2022 | 4 replies
The closing agent is not this attorney, but he does work in the title company and oversees the closings and weighs in on them.Reason is I’ve got a transaction that’s gone bad after closing, and in seeking remedies, unbeknownst to me when I started talking to the title company attorney as a “neutral party”, I shared some things I normally wouldn’t have.I found out through the grapevine about his dual role AFTER I had the conversation with him.Shouldn’t this attorney disclose that he is also the managing broker for the seller before talking to me?
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10 January 2022 | 8 replies
Congrats on taking the next step in your investing career--it sounds like you already have a solid footing with the experience you've gained from the 4-family.I'm an investor and investor-agent based in Northern NJ, so always happy to connect and expand the network.
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4 January 2022 | 0 replies
Listen to those that complain about their experience and you can normally hear the real problem that occurred.
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10 January 2022 | 3 replies
Upper/Lower ~ 1,000 sq fot per floor, plus basement storage/laundry and a large garage.moved into the lower Aug1.20% down, on effectively $125K... appraised then for $140K, more now (appreciation plus repairs)Bank gets* $728/mo Upper tenant pays $755 (still well below market) ( insurance of ~ $59/mo and water $25/mo not escrowed)* i was paying $1000/mo all-in at my 1br ~ 550 sq foot apartment rent/garage rent/insurance/utilities etc..**2**While i was under escrow on #1 my father had passed away.