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Articles by Stan Koper
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NYC migration to Jersey
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First Beach Rental
Investment Info: Condo buy & hold investment. Purchase price: $705,000 Cash invested: $180,000 This is a short term rental on the Beach in OBX. We used a HELOC for cash investment, and a DSCR loan to finance. With the HELOC and interest payments, I'm not hitting cash flow yet. We plan a renovation that will still keep me in the net zero cash flow, but after renovations we expect to start seeing some cash flow on the investment. What made you interested in investing in this type of deal?
LLC Formation and requirements
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