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25 December 2020 | 8 replies
With the upside to increase value throw Brrr, I’m taking my chips of the table here and going to test the waters there.
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4 January 2021 | 5 replies
If zipcode is important because your ads are only relevant to specific locations, try using a location insertion in the headline that mentions city to offset potentially irrelevant buyers if you can't narrow down by zipcodeI second @Josh McRay's search network/radius reco; for search network you could run a test on a campaign with and one without it or just turn it on in your existing campaign for a couple of weeks
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24 December 2020 | 5 replies
@Matthew Metros I usually use 50% for the initial "sniff test."
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27 December 2020 | 14 replies
Ask your broker if you could take over orphan leads from the brokerage of agents who have left.Good luck....suggest taking the prep review class before you take the test.
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2 March 2021 | 1 reply
The stress test was also another factor making it harder for the bank to lend.Rather than locking away all that equity in the DP on a buy and hold, I am now interested in trying the BRRRR method; however, I am worried that during the refi the ARV will make it unsustainable to the bank if I cannot achieve the high rents they require to make the mortgage work under the stress test.I know there are lenders out there that would be easier to work with on a BRRRR, but the Big 5 bank rates are very attractive right now.Also, are there lenders out there that would finance the initial purchase and then allow for a refinance say, 6-months later after the renovation and tenants are in place?
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20 June 2021 | 11 replies
hope it helps I have an onboarding call with StartEngine on Jan. 27, 2021, for another project doing a Testing the Water stage with them.
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15 January 2021 | 13 replies
A conventional loan requires me to put at least 25% down for a 4-plex (owner-occupied or not), but with an FHA loan, one can put as little as 3.5% down (provided that it meets the FHA's self-sufficiency test).
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3 January 2021 | 7 replies
Bad advice here would be dangerous, not unlike your profession.Here's some intro into RE Pro status:https://www.biggerpockets.com/blog/real-estate-professional-status-save-money-on-taxesHere're some old threads discussing how to select a tax expert:https://www.biggerpockets.com/forums/51/topics/795929-questions-to-ask-a-potential-accountanthttps://www.biggerpockets.com/forums/51/topics/792277-how-to-test-your-cpas-technical-competencehttps://www.biggerpockets.com/forums/51/topics/528033-must-ask-questions-when-interviewing-a-cpa
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29 December 2020 | 15 replies
It only requires GFCI plugs within 6 feet of a water source.You can buy a GFCI plug-in testor for less than $10 at Home Depot:https://www.homedepot.com/p/Ga...Go buy one and do your own test to make sure they are all wired correctly.
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25 May 2021 | 8 replies
Most (including me) freaked out a bit about this change but in the end, after doing the research and testing, no loss at all not using Zillow or Zillow related sites.