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5 September 2017 | 19 replies
Touch base with a real estate agent and have her do comps for the house sight unseen.
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20 September 2017 | 43 replies
@Jarrett Winston Based on what you wrote, it sounds like you got a VA loan, which is supposed to be for buyers intending to owner-occupy their properties, and used it to purchase a single family house that you intend to rent.
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25 August 2017 | 31 replies
Based on the two things you have shared he's not gonna be your best option.Also, I work with two different agents.
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15 January 2020 | 6 replies
Hi Aaron,If your minimum requirement is always 2 nights, you can set it in your base rate.
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24 August 2017 | 2 replies
@Corbin Wafford - you are correct that anything under 5 units is valued based on local comps.That said, I always ignore this rule and I base my MAO as if I were buying a commercial property.
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28 August 2017 | 1 reply
@Joy FuchsI would say the decision needs to be based on your building experience and goals.
26 August 2017 | 3 replies
For those people SAVING less than 30K per year... rentals or turnkey rentals are the way to go at least until you have a good knowledge and cashflow base of a couple thousand every month.
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6 September 2017 | 7 replies
Soft costs will vary based on impact fees, professional fees, RE taxes, carry costs and mistakes covered in your contingency.
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27 August 2017 | 5 replies
It is all CBT (computer based training) with an additional yellow book for studying.
24 August 2017 | 0 replies
Here is the summary of my situation that requires creative thought:Location: DC Suburbs (Clifton, VA)Original sale price: $300KOriginal mortgage: $240K ($60K down)Money spent rehabbing property since 2008: $70KTotal cash invested: $130KCurrent sale price (based on comps): $430KAmount owed on mortgage: $208KPotential cash generated from sale: $($222K, not including transfer costs)Estimated Monthly Rent: $2,200Current Monthly Payment for M/T/I: $1,300 *Biggest yard and likely one of the most updated homes in a desirable community where "average days to sell" is less than 14.Now the issues:Need $100K-$150K out of the house (or via investment) in order to put down-payment on next home, which will be primary residence (probably a $600K home).I've plugged numbers into every rent-or-sell calculator out there, but always feel like I'm missing something big.