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23 September 2024 | 10 replies
If the property is paid in cash and later a mortgage is secured does it impact the UBIT question above ?
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14 September 2024 | 1 reply
I’m evaluating an investment into an RCFE. The business and real estate value are packaged in the deal, and the crux is that the current owner is the operator who has mismanaged, and is looking to retire. I’d want to ...
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17 September 2024 | 5 replies
What Chicago neighborhood is the property in?
23 September 2024 | 5 replies
I had properties i own through our lake county and porter county.
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24 September 2024 | 2 replies
I have seen some sellers wait two years to close on a property those are definitely rare circumstances.
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23 September 2024 | 0 replies
If you are sitting on the "fence" waiting to purchase a property because you don't know which candidate will get elected or which "political party" will be more favorable to your purchasing decision, consider the graphs provided below.
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13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.
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16 September 2024 | 5 replies
I decided to try and manage it myself.
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23 September 2024 | 2 replies
Hello Everyone,I'm putting together an offer to purchase a portfolio of 4 properties from an older investor.
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23 September 2024 | 7 replies
hi everyone,I just got accepted for a property and looking at the estimates, the closing cost seems a little high or is it just me. loan is for 68,000 at 6.625 interest rate.