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I'm pretty new to REI but my question is, after wholesaling a couple of deals, how much should I have saved up in the bank to purchase my first rental?
I've already done a little research on rental properties and I'...
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What's a better strategy: 1. Higher down payment: lower monthly mortgage cost, no pmi payments. This is generally 20%+ down. Good if you have the cash up front, but it's just that, you're losing that money up front. B...
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As a private lender, I have a rehabber who wants me to lend money to them. They do several RE transactions a year and look good on paper. I'm asking for $300 up front with paperwork to cover the cost of our RE Lawyer ...
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Hello BP! I'm a long time lurker, first time poster. I currently have a VA loan on my primary residence at 3.75%. After getting several advertisements in the mail to refinance the loan with a VA IRRRL I decided to sta...
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Hi Everyone,What do you do when your contractor asks for a deposit?My partner and I have always done our own rehab. The next project we are working on we can’t do ourselves and are looking to hire a contractor.We’ve ...
I trying to purchase first commercial building, approached a company name Guaranty Loans they are in Phonenix Az , guy name Casey James did application, but then I read on app it said loan fee had to paid upfront bef...
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I need a new roof on my latest flip, NEW GC said he wants the full $6100 down because its not my primary residence. He won't sign the invoice until its paid in full (and I live across the state). I called one referenc...
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We had discussed replacing badly damaged plumbing in a slab home and running the new pipes outside through the yard until it meets the city line in the front yard instead of going through the floor in home. I received...
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Dear BP-community,I just finished David Greene's book "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties". Before I had read the book, I was convinced that I wouldn't be...
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When you're hiring a contractor, how do you handle payment. Will they want payment before? If so, it doesn't make much sense to pay until you're sure the work is complete, right?
It makes sense to me to pay half be...