23 April 2024 | 2 replies
She completely ignored my non-renewal letter and the subsequent email I sent her.I am not sure what the next steps should be with the lower unit tenant who has one more months' rent to pay and is required to move out by the end of May.I am thinking I will send certified mail with payment information and non-renewal info again by the end of this week.
24 April 2024 | 2 replies
I was thinking of the following two options, but not sure if this is doable or not. 1.
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25 April 2024 | 5 replies
The scarcity of options that these people have makes them happy to drive a bit to solve their problem while also maintaining their comfort and safety during their stay.
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24 April 2024 | 4 replies
It is my understanding that it would be mutually beneficial for him to put all or much of his earnings towards closing costs to lower our cash out of pocket for closing.
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26 April 2024 | 47 replies
There are better options. $3,000.00 is lower than I have heard people say they have paid. $8,800 to 11,000.00 is more realistic because like most guru's they hold back key components unless you pay more for them.
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25 April 2024 | 5 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.
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24 April 2024 | 1 reply
. * [6-24 months] Whenever I find a job and qualify for a FHA multifamily, get that property (with break-even cashflow most likely), and rent the condo at a cashflow loss for a couple years until rent increases (due to high-interest on underlying debt)* [Almost immediately afterwards] At this point, do a cash-out refinance on the condo to pay back the SBLOC (unsure if this is possible immediately after getting the multifamily loan), and secure a lower rate for the condo itself.I know this strategy sounds like loser, as it bleeds money all around, but my hypothesis is:* Underlying assets should grow more than 8.15% in a given year, and I would not pay short/long-term taxes on stock.
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23 April 2024 | 9 replies
DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?
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25 April 2024 | 9 replies
All have free options to post your property.
24 April 2024 | 5 replies
Asking is $200K, my relative (buyer) looking to put 20% down.He is pre-approved for the amount, lender has prepared both a conventional loan and a mass housing loan option for first time buyers.Would be purchasing as an owner occupied "primary residence", rates are decent under both options.Condo is currently rented, tenant lease expires the end of August - roughly 4 months.Lender says both loan programs require buyer to occupy the unit within 60 days, to qualify for first time buyer deals.Is there a way to get them to extend this to 120 days (4 months) until the tenant lease is up?