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19 June 2024 | 7 replies
The basic idea is use the heloc to acquire and rehab the new property, then cash-out refi the new property to pay down the heloc.
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19 June 2024 | 4 replies
Thinking instead of just buying another primary home, I will find something more affordable to BRRRR or Home Hack into another rental using as little down as possible and then perhaps purchase another rental or two.
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19 June 2024 | 4 replies
If that is the case then yes, he can still choose to rent to someone else.
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19 June 2024 | 5 replies
Or should I make my attorney the trustee and then have a resignation deed making me the successor?
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20 June 2024 | 16 replies
Sounds like it could be good opportunity for you then.
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19 June 2024 | 6 replies
Then I have a solid baseline to start the rehab.
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19 June 2024 | 8 replies
Then you can put as little as 3 1/2% down, and rent out the other side to offset your mortgage expense.
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19 June 2024 | 10 replies
When we cashout, we can pay back our HELOC, then roll into another property.
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19 June 2024 | 3 replies
You can sell as your husband and buy as both of you.If your trust does not file its own tax return then activity of the properties in the trust is reported on your joint tax return.
19 June 2024 | 0 replies
Hi all,I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.Would there be any investors who are currently active in this niche?