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I bought a property and remodeled it. It's now worth more and now have equity in it. Can I do a cash-out refinance on it? I only own it for 3 months.
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So I've been looking at properties and I'm ready to start shopping for lenders. Any advice on who or where to look. Should I just Google commercial lenders, call the big guys (BOA, Wells Fargo, etc.) or go to my local...
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Hello Note Investors,I am considering investing with an someone who specializes in NPNs. I'd like to get your thoughts on the proposed terms. I would bring the capital and we'd split equity 40%/60% - my return at 40...
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I have a question regarding the Fannie Mae restrictions on the number of mortgages. Two of my houses are financed by first place HELOCs. Would those count towards the four they want to allow?
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Hi All,We own a house in LA and are moving away. We want to convert our garage into an ADU and then rent out the main house and ADU. The main house would be 3 bdr/2 bath and ADU a 1 bed/1 bath. We think the max rent w...
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Hi, BPers,I need your kind help.I am in the progress of screening tenants with mysmartmove.com. Currently one family applied as husband/wife/2-kids and uncle. The three adults makes 12.6k annually or 3.5 times of the ...
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Hey BPers!So I recently checked out a duplex (2 3bd/1ba units) that’s listed at $220k, but requires a great deal of work given its age. For instance, the seller has already agreed to credit the cost of rewiring the ho...
Complete newbie here! My husband and I just started an LLC. We are each depositing the same amount as capital contribution so that our ownership is each 50%. My questions are: 1) How do we pay ourselves once we have m...
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Hi Folks - thanks in advance for your input on this - looking for feedback/opinions on the best use of 100k in capital to purchase buy/hold rental properties as a long-term wealth strategy (optimizing cash flow + oppo...
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Hoping for some opinions/advice: My husband and I bought our first investment property with the intent to flip it. We knew off the bat that we wouldn't make a ton of money off of it, but we wanted to use it as a lea...