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In a buyout I am receiving two cash flowing properties that are with section 8 tenants- currently cash flowing around 20K a year.They are worth about 200K total. I'm wondering what the next step should be. Refi? What...
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I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
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Hello BP!I'm in the process of house hacking into another property and making my current primary home a rental. My agent says my 2200 sq ft home can rent for $21 to $2300 monthly.. Now my question is , should I ...
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Hello Investors!I currently am almost done rehabbing my first out-of-state property in Cleveland, Ohio. My exit strategies are to either rent or sell, as I see both options being profitable. I'm currently 23 and I'm p...
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Apologies first for such amateur question: in new developments, when construction companies quote construction cost for "$ X/sf", is this number usually "the total construction cost divided by living square foot ONLY"...
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I'm wondering how often you re-paint the interiors of your single family rental homes? I have one in a college town and though it mostly rents to graduate students or community members, most people there will rent for...
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I have a borrower who asked me if he could "borrow in the name of a 'land trust'..." He briefly explained some of the nuances, and when I asked him why he did this he said, "It protects us a little better than a LLC.....
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I am looking at deals tonight and see tons of 2B/1B SFH properties that provide a solid return and I felt 3B/1B properties may be more attractive to a long term tenant. Does anyone have any insight on which they prefe...
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Hi Looking to start investing in Ohio, what are your thoughts about these 2 cities. What is a better ROI?
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Does offering 2.5% reduce the number of agents who will show a buyer a house?This is a home in the 600K range if that makes a difference in the Washington DC suburbs.