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A lesson I learned later is that real estate is not just about numbers, which is contrary to the thinking of most investors. Focusing solely on numbers often leads to the purchase of low-quality properties. For exampl...
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We currently have two rental houses. I'm wondering about refinancing our primary house to free up a line of credit to purchase another property. What are the downsides to refinancing? We have two mortgages on two sepa...
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I like the idea of house hacking/renting by the room for my first deal and was wondering if anyone on here has had success with it in Chicago or any surrounding suburbs. Im slightly worried that I'll have trouble find...
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I'm a small scale developer of new construction units in Texas (so far duplexes in Dallas and a 5-unit townhome project in Houston). Rather than always sell when complete I'd like to keep some units as MTRs. I like bu...
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A local HML discuss his lending program at an REO meeting recently and am just wondering if this sounds normal.
When you have a deal:
The purchase and title will be in his company's name at closing and he will then ...
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What do most do in terms of keeping rental business out of personal finances? My eventual plan is to scale - do most have a single financial LLC with its own checking account and each rental LLC finances go through th...
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Hi, I am looking to get my first rental property, a sixplex. Any recommendations on how to go about financing this since it is not considered residential?
Thanks
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Hello everyone. I am looking to close on my first multifamily real estate deal this week. I have actually been in real estate for a while but mostly just flipping. (Over 130 to date) My partners and I picked this prop...
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My property management company utilizes self-showings and I'm curious to hear from others who also do this. Is there anything you do to optimize self-showing?For example, typically a potential tenant would have the op...
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Hi Folks,I want to renovate a 1950s bungalow in Calgary, AB (Canada, cold up here). I'm looking to gut the entire property and redo everything. What I would want ideally is something that can be a little more higher e...