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I own my home after paying the mortgage off in 7 years. I have $200k+ in equity. I am thinking about trying to use it as leverage to buy a rental. I am a product of Dave Ramsey so the idea of levering what I’ve just ...
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Hi all! I’m a first time investor who’s looking to purchase my first property in the next couple months. I recently saw an article on here about Maximizing ROI on renovations, and while the article was super helpful...
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I am conducting some research for collecting data in order to better serve my real estate bookkeeping clients. If you can spare a few seconds, I'd love to hear your method for maintaining your financial records for yo...
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I completely messed up my first post. Hopefully this one works. First off thanks for reading this and taking the time out of your day. I originally wrote this very very long detailed post. But accidentally lost it by ...
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Hello BP and members! I am trying to become a new investor, have some funds for D.P, read some books on BRRR and investing in Canada. I understand that I have to run numbers in the beginning for...calculations? My big...
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So we bought a rental, 30 yr amortization, monthly payments. Is it worth increasing payments to 2 per month, bi-weekly, making extra principal payments to reduce the mortgage? We've allocated expenses to everything we...
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Hey all,Curious if anybody has found a "one shoe fits all" place that they can input all of their deductible items in, so they know roughly how much they might owe/be due when tax season comes around.I found one excel...
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I have a quadplex available in Lansing Michigan that the seller is offering to me for $100KI would probably offer less ~80K3 of the 4 units are currently rented for $600 each w/ utilities included each with 1 person.I...
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When underwriting a commercial property, what is an example of bad debt and what is an example of credit loss (how does this differ from vacancy loss)?Thanks
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Hello,I currently have 4 homes that I rent. I live in my 5th ...this one has 50+K of equity in it. I found a great deal on a foreclosure and fell in love with it. I tried to get prequalified (without selling my ...