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I am often asked this question: "What is my biggest financial risk in buying/owning a short-term rental property?"
Lots of things come immediately to mind: Septic problems, a new roof, HVAC failure, lower-than-proj...
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Hi everyone, my name is Prenn. So my real estate journey began with an older coworker asked me if I had any plans for the future or what kind of investments I was involved in. Back then, over a year ago, I had nearl...
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The hard money loan is considered asset-based financing. This simply means that the person who is borrowing uses the physical property as security in exchange for financing. This type of transaction mostly involves re...
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Hi ya'll! I just came across my 2nd off-market deal, which has caught me off guard. I don't feel like I'm in the financial position to move forward, but I know I'll regret it if I don't. I'd like to acquire this on my...
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Hello everyone,
So I just had my 1st offer accepted, now the seller wants to know how much is the loan you are seeking from their lending institution? Documents to be provided: Loan approval. Prove of funds to close...
He is very active on the Marketplace asking for private money for flips (as recently as 2 weeks ago) and has been active for several years. After a year of communicating with him and doing research on him (but obvious...
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Am in negotiations with a seller of a home with a below ground oil tank in New Jersey.The seller agrees to remove the tank prior to closing,while the heating system depends on the tank.Should I also insist on a new...
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Sorry for the long postBackstory Graduating college had a 3.6 gpa which isnt bad. I graduated with a degree in accounting. Did 2 internships hated it. I wanted to work hard and build something. In comes my father an e...
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I'm getting mixed info on this so hopefully someone did this already can help me out here:When you have real wind and hail damage o the roof and you successfully get it replaced through your insurance. Can your insura...
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So I’m having my Coffee and getting my financials ready to go meet my lender today to do my first deal. I check my credit score and notice my score dropped from 700 to 648. My mortgage company sold my mortgage on my p...