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Hi all!I am getting ready to buy my first multifamily property which I will be house hacking and living in! I got pre approved for an FHA loan, and I really want to finance with an FHA loan so that it is low money dow...
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I'm curious to hear about the pros and cons of Commercial REI from the rockstars out there! Doesn't have to necessarily be commercial vs residential, but more so why Commercial REI was chosen as a vehicle along with t...
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Good morning -
I have come across a property I am interested in. The PP is 263K. The seller is offering terms of 15 years , 6.5% and 30% down. This property is a condo on Fire Island and generates roughly $20k in Net...
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I'm guessing the 70% rule is to determine if you'd be able to pull all/most of your money back out on the refi (70% LTV max)?If so, now I'm seeing lenders willing to do DSCR loans of 75% LTV, so then would I switch to...
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So I decided since i have no money and bad credit I would parter up with someone while getting some cash reserves and repairing my credit. My parter has some cash and really good credit. But when we sat down to talk...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $900
Cash invested: $100,000
My wife and I currently live in a Duplex, and we rent out the other side. We al...
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Back in the 1970s when I first entered the real estate profession (my fellow bankers were shocked that I left international banking to work as a COMMISSIONED commercial real estate salesperson!), creativity in deal ma...
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So I’ve been a sponge soaking up REI strategies. I’ve thought it thru, I know what I want to do, I know my end game, I know my target for a DP........
And here I sit. Waiting for my bank account to fill up. Don’t get ...
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Hello all,
I am trying to get my wife to understand the benefits of renting over owning. She works in retail management. She was also a business major in college so I think she sees things in a more “traditional” man...
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Is it good idea to use funds from 401K to buy a cash flowing SFR? I have about 105k in 401k. Minimum payment will come out of my biweekly paycheck to pay off the borrowed money. What are the pros/cons of doing this? ...