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Consider this scenario:A seller is tired of paying property taxes on his vacant land. He doesn't care to keep this lot anymore. He gives it to you for virtually free of charge. Say he sells it for $1. It's now und...
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Hey everyone, very common question but I'm looking for a local bank/credit union that will do two things for me: A. Cash out refinance to 75% ARV with less than six months seasoning. B. Lend into LLC name with persona...
I just started the renting process for an office yesterday and was told that the deposit check was written from the wrong account. The tenant signed the lease, but not the owner. The check has not been cashed and I...
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Hello,I would you all to look over these closing costs (all personal and bank info is redacted).The purchase price is 400,000 and I am putting 16k down. Closing costs are coming to 30k. That seems high to me but maybe...
I am on a H1B visa and my SSN is "VALID FOR WORK ONLY WITH DHS AUTHORIZATION." I have been in US for 3 years now and have established a good credit score over this time period.I recently applied for an apartment renta...
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Financing a multi-family property typically involves several steps:
1. Down payment: Ensure you have 20-30% of the purchase price for a down payment. Most conventional loans will require you to bring around 25% of th...
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Hello all!
I just learned about the Wrap around mortgage. Is it too good to be true? I have been wanting to get into a real estate property and live in an expensive area ($300-400k average home) but came across a cou...
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Hi there anyone and everyone. My name is Brandon, and the lovely lady in my photo is my beautiful bride Heather. I started flipping a house (fix & flip) to make some extra money to go backpack Europe for a summer ...
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It seems like it's most common to use a 33% rent-to-income ratio to screen tenants, but debt-to-income seems like a smarter way to screen tenants to me. A tenant may have a good RTI, while having a poor DTI. Isn't i...
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My buddy is running the numbers on his first deal below-- Purchase price: $180k- Estimated rehab cost: $90k-Holding costs + Closing Costs: $66kWhat do you experienced fix n flippers think? It is in TN.