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Hi all,Is there a website that you guys reccomend to do credit and background checks?? If there is a fee to do so, would the tenant pay for it? Do I refund them? Or is it part of the protocol. What is the minimum cred...
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I've had my property for around 7 years and am looking to buy a few more multifamily properties in my area. I will need to use some creative financing or lender as my credit score is low (620) and my current house has...
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Hi all,I'm a beginning real estate investor in NYC, and as the price point of properties in my neighborhood seem off the chart, I've tried looking out of state to invest in my first deal with a potential partner. Long...
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Hi Folks,
We have a 4 BR coming on the rental market in Bethlehem PA soon. This is our first non-weekly rental unit and I was wondering what other landlords do regarding credit scores and background checks, ie what a...
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Any insights or strategies for financing major repairs or even updates for MFs? I'm a newbie so please don't eat me alive. Just wondering the best way to fund the work needed on a deal (outside of the mortgage) or ca...
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Hi all,my husband and I are in the process of settling a Short Sale purchase in Maryland. It's $99k purchase price with Seller's side covering legal and title transfer (provided we pay $3,500??).Our lender has come ba...
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I will be buying properties soon and implementing the BRRRR strategy. The thing is, i will be using a HELOC for the full cost of the home plus rehab. To make my payments lower on the HELOC I was thinking of using dela...
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So I think I've found an amazing deal. Its a multi-family unit listed for $240K. Its currently occupied at full capacity with tenants on a waiting list. The gross annual income is $57K. The total cost of expenses is $...
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I work in finance and do my own taxes as its normally pretty straight forward. I did however just refinance an investment property to take advantage of the lower rates. I understand underwriting fees, title fees, reco...
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3 or more reasons WhY Commercial properties are vastly superior to residential properties:
The Commercial property itself for the most part qualifies for the loan vs. the fico score of the borrower with residential ...