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I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...
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I've read Fannie Mae guideline on this, but am recently confused after speaking with a few lenders. According to the DFE on Cash Out Refi, if a property is purchased in cash;1.) 6 month seasoning period is not require...
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Is anyone here actually using a self directed Roth IRA account for real estate flipping? I am sick of paying these outrageous short term capital gains taxes it really feels like 1 step forward and 1 step back. I looke...
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One day in 1997 when I was pretty new to the business, I wanted to buy a home on an area lake. I knew, the only way I could afford it was to rent it part of the year. Michigan, 4 seasons right? but up north in the U...
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Hello Folks,I am trying to get some clarity on how to proceed with Self Directed IRA. I have a ROTH IRA at Vanguard and ROTH 401K at T Rowe. I like to combine these both into either a Self Directed IRA or Self Direc...
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Someone gave me some advice that sounded too good to be true so I want to verify. If I own a home for 27.5 years and have taken the depreciation expense every year, then I sell the house (for easy numbers let's just s...
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Hi! I have a quick question for the community. I have a tenant who has been trying to sublease her room. I am allowing her to break her lease due to life changes. However, she has been quite unpleasant. Cursing at me,...
Hi, I am looking for some advice on which type of loan I should get for my next rental investment. I currently only have one rental which I got using an FHA(duplex) theres some equity in it I want to tap into. I have ...
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Hi my name Jabari. I'm new to investment properties. I'm looking to do rental properties to start off. My focus right now on multi family homes but I would like to get into big rental buildings. I haven't done my firs...
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I'm looking to make my first property purchase. I've been reading that most mortgage lenders require a 2-year history of employment. Does that mean in the last 24 months from now? Or the last two complete W-2 years? I...