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It's embarrassing to say it loud here -- I MESSED UP my very first investment, took a big loss, and still trying to get rid of it. Sparing y'all the painful stories, here are my biggest learnings.
Lesson # 1: NEVER ...
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Hey guys,
I just bought my first house back in January. Problem is that when the appraiser for the mortgage company went out to the house to do his thing he turned the water on to verify everything worked and no one ...
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I have a couple rentals and a not so nice part of town. The units are in a great gates community, but the surrounding areas are questionable at best.
Anyways... I have found my sign messed with 3 times, this first ...
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Brief summary of my issue:
I currently own a house with my ex-wife in New York.
We have a %100 loan with Bank of America.
Ex was living in the house and payments were initially split.
Ex stopped paying, so at lawyers...
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So I am trying to buy a home in a particular developement that has pretty equal amounts of regular sales and REO's and short sales. The regular homes are selling for $168,000-$177,000. These are vacation homes so they...
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On or about February 1, 2020 we applied for business funding with Seek Capital LLC. Sergio spoke with us in detail and we asked him about the difference between a bank loan and the "revolving line of credit" being pre...
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HelloI been reading on here for years and I finally was able to purchase a my first property using information I learned on here. However I used all my me and my wife’s saving to purchase the property outright. I took...
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Hello everyone!I recently purchased a property where the previous owners left A LOT of items and junk behind. Enough junk which required me to call a disposal company to pick it up and dispose of it. Is it possible to...
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Hello BP,I have multiple rentals ,which I manage via 2 LLCs . Due to an error in my property management software, the rent from one unit owned by LLC A ended up being credited on the account of LLC B. The 2 LLC have n...
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Hey All -- Was hoping to get some opinions/solutions for what I can do here. I'm under contract to purchase a duplex -- financing it via FHA 203(k). Purchase price $191,000 and was approved for $125,000 in rehab ($3...