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19 May 2024 | 11 replies
Connect with wholesalers to get off market deals, do value add renovations.
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18 May 2024 | 11 replies
The value is in the properties I just have to refi to get there if that makes sense.
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21 May 2024 | 25 replies
If the value has not gone up a lot since purchase, this might not apply to you, but one thing that is often a factor when converting a primary to a rental is losing your section 121 capital gains tax exclusion (up to $250k individual, $500k married couple if you've lived in the property for 2 of the last 5 years).
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17 May 2024 | 1 reply
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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16 May 2024 | 24 replies
Considering this is your 1st post and it sounds too "positive" of a review
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15 May 2024 | 7 replies
Hi Cody - I utilize programs for my clients with sub-$100k properties all the time.The minimum value is $75k (though I have dipped under that by exception), with minimum loan amounts of $50k.
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16 May 2024 | 10 replies
.- thanks 1) on the 1st mtg refinance proposal at 4.1% - sounds like they are offering you the higher note rate so they can absorb some of the closing costs .....make sure you get a loan estimate and review the details about them picking up all costs ( titel / escrow / recording / credit etc ...) 2) also check the index / margin and caps on the new loan offer and compare these to the present loan details ...if you keep this loan past the rate/ payment adjustment period - you want to make sure you are aware of how the ARM can change 3) the offer to do " free " refinances in the future is no big deal beacuse any lender can offer this via a higher rate to absorb all costs
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18 May 2024 | 2 replies
How did you add value to the deal?
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16 May 2024 | 158 replies
What other value do they provide?
17 May 2024 | 5 replies
Share the folder with the accountant and that's how you make it easier for everyone to keep track.I will tell you that one of my clients that was using google drive, this took forever to look for anything because of the amount of receipts to review and it is just slow.