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21 February 2025 | 6 replies
Low down payment, but you would be increasing the value of the property with your own cash.
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25 February 2025 | 0 replies
Purchase price: $63,000 Cash invested: $23,000 bought for 63k as part of a 2 property deal from my handyman. 23k in it in closing costs and rehab.
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25 February 2025 | 6 replies
Skip trace cash buyers and call them.
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11 February 2025 | 13 replies
If it sold for $120K in 2007 , and your rent is $2000 a month , the landlord is probably cash flowing rather well .
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18 February 2025 | 7 replies
For a buyer this should reduce their cash out of pocket to close which could help with barrier to entry.
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6 February 2025 | 1 reply
.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.
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25 February 2025 | 6 replies
Or providing substantial services in conjunction with rental activities can subject to SE tax (hotel like services...room service, daily cleaning, meals, free shuttles etc).Being a REP just defaults the classification of the rentals from passive to non-passive.
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25 February 2025 | 4 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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28 January 2025 | 22 replies
I'd be happy to connect further and see how I can help, feel free to message me.
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25 January 2025 | 12 replies
@Jonathan Blanco, I'm and investor and a licensed mortgage broker so I've been on both sides of this conversation.I would look for a lender that (1) listens to you and understands your strategy and needs (hint: it's not always money), (2) has experience working with clients executing your strategy and brings more to the table than just cash - be it advice, relationships, deal-team partners, etc., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.