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The BRRRR strategy is very interesting to me, yet I️ am 18 years old and I’d be stuck with the Refinancing part. I️ would need two years of W-2’s. I’ve only had one official Job (not under the table) and I️ no longer ...
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Economic Update(Monday, May 3, 2021)
Here’s some fun facts. According to University of California Davis’ “Road Ecology Center,” Los Angeles traffic patterns changed dramatically during the pandemic. In March of 2...
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I'm acquiring my 5th buy and hold property and plan to rehab for about a month, then market for rent. My current 4 are under personal landlord insurance policies through Geico and umbrella is also through geico. All r...
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I see many properties advertised these days with unrealistically low expense ratios. Inexperienced investors that are excited to make that first acquisition need to be aware of and understand how to accurately evalua...
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HELLO FRIENDS!!Does this sound like a good deal?? SF 3/2 price $160k, down pmt 20%=$32,000. Rents for $15000, cash flow $500 per month after paying mortgage, taxes, insurance and putting a couple hundreds aside for re...
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HI BP - There is another very similar property nearby that has hazard insurance and cost less than half as much despite being larger, but is 15 years newer. The one I"m trying to get coverage on is a 60 year old brick...
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What is a good company to use for a DSCR loan with 100% financing?
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Hi All
I know most of the accepted metrics, like the 50% rule, $100 per door per month, 2% rule, etc. I am seeking both single family homes in decent areas at a discount, with appreciation potential (i.e. decent middl...
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Hello All - I'm currently facing a challenging situation with one of my tenants and would appreciate some advice on how to handle it appropriately.
Background: The tenant in question has had their electricity discon...
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I recently cancelled escrow because based upon my due diligence I would not have been able to exercise the strategic investment model I was seeking to do. Our goal: buy, turn into a legal duplex, hold for cash flow w...