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We inherited a vacation home/cottage in Bluemont, VA a few years ago, which is in need of full-rehab. We made plans to renovate as it is located in gorgeous wine country, and perfect for an airbnb; however, zoning con...
Price=300k
Down=20%
Interest rate= 3%
30 yr fixed
P&I=$1012
Tax per month=$291
Insurance per month=$67
Total per month=$1370
The home is 4 bed/2.5bath 1800 sf
Built in 2005 so very low maintenance. Very rent...
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Cash Value Life Insurance VS Self Directed IRA
I know the two aren't usually talked about in the same breathe. Each would be compared to other products in the same wheelhouse. And they would be introduced by very...
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Hi all I am looking at different options regarding financing my first deal. I fully understand how an amortization schedule looks for a conventional loan but how about for a private loan? Is it a lump sum set percenta...
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I love Bigger Pockets. The site and the podcasts have been responsible for my success, be it limited, in my real estate endeavors. The recent podcast advice stopped me in my tracks as I have started to really questio...
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Hello everybody!
I would like to understand the "de minimis" exception in SAFE act and Dodd Frank.
My understanding I can do three residential transactions with seller carry backs (I am the seller) per year without g...
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I recently signed up for iul. However now I'm hearing stories that they may be a scam or some type of pyramid scheme. Does anyone have any experience with them
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I am trying to figure out a way to get started with my first deal without having to wait too long while waiting for my savings to grow. I have been thinking about possibly renting out my current home and buying anothe...
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Hi,I am looking to start investing in rental properties in Orlando, and since I live in NY, I would probably need a property management company.Given that I am new to this, I have a laundry list of newbie questions.1....
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I'm under contract to buy a 6 unit, mixed-use property with seller financing. The seller will provide $700,000 of the $945,000 required. They are giving me 45 days to show proof of funds for the $245,000 so I need to ...