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Hi Everyone,I recently went under contract for a package of three houses with a 21 day due diligence window and a closing period of about 60 days after contract signing. This is a transaction in North Carolina and we...
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I have a SFR that was my primary residence until I moved out of the state. It has been a good rental for last 4 years, but I need advice what to do with it. I have about $30K equity in the SFR if I sold it now.. I...
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I purchased a duplex in October that has section 8 tenants in it. I haven't really had many problems with it, other than a minor electrical one (had to change a plug to get the circuit to work), but I believe the prev...
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I'm thinking of selling my personal residence on a wrap, but I wanted to see what you thought about these approximate numbers (rounded for simplicity):
$140k sales price
$30k down payment from buyer
$95k owed on my ...
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I'm reflecting back on a situation that happened over the last several days and trying to ensure that I properly identify the lessons learned. I'll lay out the scenario below, and I'm hoping you all can provide some ...
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I think we found our first deal! We have been pre-approved for $880K at 7.65%. This is buying down a point ($1495+$6000). Credit score of 770.Is anyone seeing better investor rates out there?Thanks!
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I'm working on my investment spreadsheet and have been doing some reading on the topic of Cap Ex. Some people use a number like 10% of the income, but many suggest itemizing your expenses over their lifespan is the mo...
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Hi Everyone!Complete newbie here working on closing my first deal. I’m looking to fix and flip. As I’ve been evaluating deals I’m trying to follow the 70% rule. My question is how strictly I should be doing this in th...
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Ok, I'll state up front I don't think this is likely but I find it an intriguing conspiracy theory. Basically, the theory goes like this. Last time, the hedge funds knew we were in a housing bubble and were betting a...
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I’m curious to know if anyone has undergone a turnover or has had to place tenants within the last couple of hectic weeks. Please share your experiences. Any difficulties or successes? My husband and I are supposed to...