Hello everyone! My wife and I are currently in the underwriting phase of a 203k loan for our first rental property which will be a duplex in the Cape May, NJ area (08204). I was wondering if anyone has any insight on ...
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When I bought my primary residence, the property taxes went from $1,200 to $3,600 a year. The sellers were elderly and had owned it for twenty or thirty years. I wasn’t prepared and it was quite a shock. I’m looking t...
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I heard Brandon on on the BP Podcast mention that he uses cash value policy vs replacement cost policy. I've read that cash value can be messy. Thoughts?
I'm in a predicament of handling a family owned residential building in a area of town that is quickly gentrifying. I have my own thoughts on that loaded term. The building has been rented to only one ethnic group, m...
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Hello everyone. I wanted to introduce myself and ask a few questions. I'm Mike and I currently live in West Melbourne, FL (Brevard County)Prior to moving to Melbourne, FL (Where we own a single family home), my wife...
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So I believe I know the answer, and I am going back to a few books to read more on each to make sure my situation fits.. but this will be my first partnership and I realize I lack the experience and maybe knowledge to...
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I learned a long while back that the person who mentions price first loses.
When negotiating price do you put the ball in the sellers court and wait for them to mention price or does it not make a difference to you?
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Bought a 2bed/1bath for 18k cash. This is my first flip and am learning a lot as I go.I thought rehab would cost me 10-15k. I am now hoping to stay just under 25-26k. Had to gut the entire thing for numerous issues, l...
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Hi guys, Assuming most points and highest rates: (Hard money lender offers 2-4 origination and 11-14% interest annualized. I'm assuming 4 points and 14 % rate)Purchase price = 210k This particular lender requires I pa...
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Yesterday one of our tenants notified us she'd be moving mid-July. The unit is a large second floor 1 bedroom and is the only unit that has access to the attic. The attic has stairs going up and is approximately 500 s...