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26 March 2024 | 8 replies
That and lenders wont give a loan to someone who doesn't have reserves.
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27 March 2024 | 17 replies
You will need to get a local, rockstar Realtor, contractor, lender, and property manager.https://www.biggerpockets.com/blog/core-four-real-estate-tea...
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25 March 2024 | 1 reply
@David S.When reviewing deductibles and premiums, I look for the deductible where the premium reduction is negligible when you go to the next deductible above it.
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26 March 2024 | 3 replies
On the other hand a line of credit might work for the down payment, but you will likely want to look for a private or hard money lender for the fix and flip portion and as a beginner, I would expect to put between 20-25% down and likely a bit more for closing costs and reserves.
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26 March 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
27 March 2024 | 9 replies
We never like to deliver this sort of news, but it is an unfortunate necessity in this market.We include the cost for 12 months in our proposals because a lot of investors like to (or their lenders require them to) pay for a year of coverage upfront and it’s easier for them to compare rates.
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27 March 2024 | 19 replies
Ideally, it's best to have reserves before acquiring a property as it shows financial responsibility to potential lenders.
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26 March 2024 | 4 replies
Does anyone know of a lender who can do conventional financing for land?
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25 March 2024 | 14 replies
I also review the foreclosure filings in the target zip code by searching the courthouse records on line.
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26 March 2024 | 9 replies
Feel free to review and adjust the numbers to gain a better understanding of expected performance.