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Looking to get my first buy and hold property. Do most people buy and go by the 2% Rule? What would the circumstance be to buy a property using the 1% rule? Thanks!
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Considering multi-family investments. Wondering if calculations for MFH Are the same or different than for SFH. Specifically are there things that you have to consider further with say a 16 unit small apartment buil...
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Hi everyone. I've been getting solicited by other real estate investors looking to buy my rental off of me. I am not exactly looking to sell but may be open to it if the price is right. I've avoided these types of off...
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Hello,
I am actively looking to refinance my mortgage and one of my impediments is the miscellaneous closing costs of a refinance (appraisal,lender's title insurance etc.).It's costing me over $800 for appraisal and ...
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Hey everybody trying to refinance my first BRRRR deal, bought house for 45k put 10k in had it appraised for 105k renting for 1250 a month. Trying to refinance now with a 30yr fixed but every conventional loan is requi...
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Hello BPers,
I recently started thinking about the cash offers I have been making for the past four months. I wanted to know if buying with a cash offer and refinancing later on, to pull the cash out is cheaper than ...
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Hello All, I apologize if this topic has been discussed in detail elsewhere, I was unable to find it if it has. I'm writing because I was presented an opportunity to purchase an empty lot in a very desirable part of t...
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Quick question . . . . for rentals, would you select a policy that is based on the replacement cost or the actual cash value? Obviously the replacement cost on an older structure is 2X or better what the property mig...
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There is a lot of confusion about what comprises closing costs and prepaids and understandably so. I see a lot of posts on Bigger Pockets asking if I should refinance because my closing costs are XYZ. Often, these num...
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I had two questions on my first rental property that I recently bought1. Can I deduct the closing cost in my rental property taxes for 2023. I just bought it in Nov 20232. To buy this property I had taken out a fixed ...