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30 April 2024 | 7 replies
I am good for a credit check and can provide the lease proving $1250/m income.
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1 May 2024 | 4 replies
Find qualified partners such as lawyers, accountants, managers, loan specialists, insurers, etc.Good luck!
30 April 2024 | 13 replies
Account Closed - let us know how it goes.
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1 May 2024 | 5 replies
Though, keep in mind that HELOC rates can fluctuate with the market, potentially exposing you to higher interest rates down the line.On the other hand, a cash-out refinance could lock in a fixed rate, providing stability/predictability in your monthly payments.
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1 May 2024 | 22 replies
Maybe selling into something with better numbers or lower headaches is the right decision for you, however I want to encourage you to speak with a few different experts along the way so that you can account for all of the important variables.
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30 April 2024 | 7 replies
I'm ok with that as long as they "own" securing the subcontractors are regularly on-site and provide good communication back to me.
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30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
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30 April 2024 | 12 replies
It depends on whether or not the carrier requires 12-month lease agreements...have to talk to an agent and provide accurate information on how the property is being used.
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29 April 2024 | 10 replies
Hi Account ClosedThanks for welcoming me and for your insight.
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30 April 2024 | 4 replies
Silva PaganThey may, for example we run a private fund but I can tell you the offer we would provide will make you cringe.