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24 August 2018 | 5 replies
When we added a bedroom to our house my electrician was able to do that without the added expense of a new, enlarged, panel.That kind of problem is just another reason to not purchasing a residential (1 to 4 units) multifamily unless that special low down payment is part of the reason you take advantage of that you might need to get started.
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7 September 2018 | 19 replies
Does your ad use the right keywords for great SEO.
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24 August 2018 | 9 replies
Once the money is used to buy the property and rehab is started, the interest is tracked if paid every month and added to the basis of the property assuming you are flipping a property.
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26 August 2018 | 18 replies
I just added Chattanooga as a keyword.
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30 August 2018 | 6 replies
.- no title seasoning on cash out refinances unlike FHA which has 12 months of title seasoning after purchase before you can use market value value or conventional which requires 6 months after acquisition (this applies to CO refinances where you used financing initially to purchase not DFE or delayed financing exception which is an all cash purchase and there is no lien/deed recorded on the property at the time of close), This becomes very handy for creative RE entrepreneur once you learn how to force equity through adding value to properties you can use VA's no title seasoning advantage to increase the speed at which you move from deal to deal quicker than Conv/FHA- no self sufficiency rule when owner occupying 3-4 unit properties which FHA has (a rule that makes buying 3-4 unit FHA properties in high cost areas nearly impossible) so this a huge plus- use of rental income or other peoples income (OPI) to help you qualify on your 2-4 unit VA purchase (FHA and Conv does allow this too)There's a lot more you can do to optimize your mortgage planning from an investors perspective.With the introduction of the 2018 Tax Cuts, you can structure your taxes strategically to not only greatly reduce the tax impact but also remain bankable to most money sources.
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28 August 2018 | 20 replies
., increasing sq footage, adding bathrooms.
4 April 2019 | 4 replies
They added a $2k credit towards closing cost to be more competitive with the “$0 closing close lender” loan estimate.
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26 August 2018 | 10 replies
I exclude any ads without pictures in my analysis.I look at each comp and impartially assess how it measures up to mine: parking, amenities, micro neighborhood, utilities incl., pet policy, etc.After that, I have a pretty good idea of what I should ask for mine relative to the others.
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24 August 2018 | 1 reply
Texas Job Growth AcceleratesCOLLEGE STATION (Real Estate Center) – The Texas economy accelerated job creation in July 2018, according to the Real Estate Center's latest Monthly Review of the Texas Economy.The state gained 377,100 nonagricultural jobs from July 2017 to July 2018, an annual growth rate of 3.1 percent, higher than the nation’s employment growth rate of 1.6 percent.The nongovernment sector added 372,700 jobs, an annual growth rate of 3.6 percent, also higher than the nation’s employment growth rate of 1.9 percent in the private sector.Texas’ seasonally adjusted unemployment rate in July 2018 was 4 percent, lower than the 4.1 percent rate in July 2017.
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26 August 2018 | 7 replies
If I added additional CapEx or Vacancy, it ends up being too conservative and doesn't match up with reality.