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Hi, I have been doing house hacking and being a landlord for the last 5 years and am trying to set myself up for my second property right now. The plan is to house hack it as well, buy a third property just for myself...
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Hello! So I recently found a deal that could be a good property for house hacking if I just got a 50,000 dollar loan but I'm worried about private investors or banks not trusting me with their money. Is there anything...
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How much do you leave set aside for your property for expense or capitals. At what amount or percentage do you stop saving expense and capital funds, if ever? What is your plan for emergencies? if you have a couple pr...
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Hello BP members!I'm hoping to get some answers to the following PM questions I have, any insights would be greatly appreciated!1. Are most PM making mortgage payments for the owner; what percentage of owners have yo...
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Looks like the IRS dictates that the seller who sells on terms has to declare the minimum rate (I believe it varies but is around 3%). Which means that if you ask for and get a principal-only mortgage, the seller is g...
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Hi everyone,I am in the process of starting my first flip project. I am wondering what paperwork the more experienced rehabbers here (particularly those in Georgia / Atlanta) have their contractors sign? What do you...
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Unless you’re independently wealthy, when you purchase real estate you’ll need a real estate loan to close the deal. Such loans, usually called a mortgage, is the fiscal vehicle by which property buyers finance their ...
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Dear BPersI am considering to partner up with a friend on purchasing real estate properties. In general, I have perfect credit, low DTI ratio, but very busy with my full-time job. He, on the other hand, is relatively ...
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Hey guys,So I was talking to my mortgage broker today and he said that my debt to income ratio will be better if I sell my paid off property.Its rented and brings in $550 per month in rent minus taxes/insurance, so I ...
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This is an interesting question.. What happens if you buy the property from a lady with the only heir is a cousin and you buy it subject to .. she is 70 .. what happens if she pass away... is the property yours to keep?