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So I'm familiar with the 50% Rule, the 2% Rule, and that I should be buying at no more than 70% of retail value. Are there any other "standard" rules of thumb that are used by real estate investors?
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A teacher I used to have has 38 properties and all 10/15 year mortgages which all have break even cash flow which in turn lowers his taxes from his full time job. After the 10/15 years he refinances and pulls out as ...
I have my eye on two homes in my area which are REOs.
The same thing is happening for both homes. I have called the listing agents (different companies), spoken to someone in the office, who gave me little informati...
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Hey guys!I'm a new investor, very actively looking to buy my 1st STR in the Panama City Beach area. However, I'm noticing the prices have shot up quite significantly since the last year or two. Some of the condos are ...
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Hello BP Community, I've got a few Private Lenders that are interested in moving forward and have money in their self directing IRA that they are interested in pulling money from to put towards investments. I know tha...
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Looking at a duplex and owner says he would seller finance for 18-20% down and would hold the loan for 2-4 years. Does that mean I would need to have it paid off by then or,,, refinance what's left with a bank? I gues...
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Greetings all, I'm Rob in Dallas, I'm a Mortgage Banking and Operation Professional. I also have my degree in Marketing. I'm working to establish myself as a Wholesaler. I'm excited about the possibilities this site ...
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Colorado Bill B is being proposed in the session that starts in a few weeks. It will likely pass the house is 49-16 dems to republicans. It would require that homeowners who have been foreclosed would be required to b...
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Ok so I know most everybody has heard about making biweekly mortgage payments in order to pay your mortgage down faster. Instead of making 12 monthly payments a year you make 26 half payments or 1 extra monthly paymen...
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Hello everyone. This is my first time posting on here but I am a big time fan and have been reading post everyday on here for a few years now. I have a question that I am facing and I figured why not put it out there ...