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18 January 2022 | 11 replies
Meaning, we expected the appraised value to be high enough, that we could take a loan out that would both cover our hard money loan (purchase and rehab costs) AND take some extra cash out.
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10 November 2021 | 5 replies
They can also add in extra expenses that you do not have added in like snow removal or landscaping.
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9 November 2021 | 2 replies
Taking on money from other investors adds an extra layer of duty.
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17 April 2022 | 44 replies
I'm glad you have that extra sources of income to help you build your dream.
10 November 2021 | 3 replies
If anything my understanding of having a property in an LLC adds an extra layer of protection from tenants trying to sue.
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11 November 2021 | 2 replies
Once that happens you can always take out equity to move it around to pay off any and all debts.There also little things you can do to pay a mortgage off or down faster just by playing with the payments, Bi-Weekly, extra payments per year, lump sum.
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24 November 2021 | 14 replies
If you don't already have a tenant coming in behind them, why wouldn't you allow them to stay an extra day?
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13 November 2021 | 6 replies
My point was simply that if the "fair market value" is really at the numbers you have stated, then it appears to be a sound investment, even if there is a bit of time... or a few "extra tasks" in getting to that great cash flow spot.
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10 November 2021 | 4 replies
Get a 75% 30-year loan on your current house and turn it into a rentalGet a 75% 30-year loan on the duplex / triplex you are buyingTake all that extra cash you will have after you do the above and buy another property either as a rental or to live inMost investors I know would never get a 15-year loan because they want as much cash as possible going towards either rainy-day funds or for the purchase of more income property.
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11 November 2021 | 2 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!