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Hello! Recently picked up a multi unit with hardwood floors. In one apartment there’s a dark stain (I’m guessing something spilled years ago). I’m going to sand them, so was thinking of sanding and then staining wi...
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I'm looking at doing a conventional loan on a property that I'll rent to my sister and mom. On the down payment of 20% where can this come from?
I was thinking about using a 0% check with my credit card for the $10...
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Hi everyone,I’ve had the hardest time figuring out if 1099 independent contractors working as real estate agents qualify to get money from the government under the disaster sba forgivable loans. It seems that we do, b...
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I am currently retired and just purchased my 1st duplex in Upstate NY using a conventional investment property loan. I am interested in purchasing a 2nd multi family right away while the market is good in that area. ...
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I am screening tenants for my first rental property and have an application form created (all the typical questions) and was planning to use Smartmove for a credit & background check. A prospective tenant emailed ...
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I have had a young couple apply for my 2bed 1bath apartment in my multiunit. The girlfriend is unemployed and stays home looking after the couples 1 year only son. Her credit score is 522.
The boyfriend has a 615 ...
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I bought a single family home in 2017 for 206k with 3% down. Mortgage balance right now is $191k. The property is rented for $1600 per month. Houses in the area are now going for $300k but mine is probably worth $285k...
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Cap rate, cash-on-cash, NPV, equity multiple, IRR...Can anyone recommend a good source of information on using these rates of return when underwriting deals? I've found a few but I wanted to know if there is a good we...
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Hello everyone, I’m just getting my feet under me in the whole real estate journey. Straight to the point, what company or process do you all go through for the application process and background checks of tenets? I h...
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As a new investor, I've been debating if I should buy a single investment property in all cash or diversify and buy 2-3 properties and putting ~30% down. Maybe buying 4+ with less than 20% down, perhaps?Anyone else ex...