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13 June 2024 | 7 replies
If the answer to all three is Yes, I buy.And let life unfold.I have NO IDEA what the ultimate return will be….NONE….And neither does any other investor if they are honest…..most crystal balls I find are broken.But if one acquires the property is a solid long term manner based on fundamental investing principles and is never forced to sell…History indicates the long term trajectory of price and rents are up.In my experience, real estate follows cycles……. 6 or 7 years of a bull market, 1 or 2 years down (though the up is always larger than the down), 1 or 2 years of flat which then sets the floor for the next run up.
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14 June 2024 | 3 replies
A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.
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14 June 2024 | 17 replies
Of course the franchise is owned by a broker but there is no indication that he/she has ever sold a property.
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18 June 2024 | 83 replies
The average home value in Raleigh ($444,456) is more than double that of Rocky Mount ($187,507).Over the past year, home values appreciated faster in Rocky Mount (+8.0%) compared to Raleigh (+4.1%).Homes go to pending status faster in Raleigh (around 9 days) than in Rocky Mount (around 17 days), indicating a more competitive housing market in Raleigh.
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14 June 2024 | 15 replies
I want to see their experience managing other people's money (and which is much harder than just buying properties for personal investing purposes).2) No details on key things that indicate risk like co-investment, structure of debt etc.
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12 June 2024 | 3 replies
I believe setting the precedent upfront solves what could be serious issues before they even apply by giving them a rundown on some of the big key aspects of what the process looks like a head of time.Big indicators are verification of identity and verifying the references for documents when needed.
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12 June 2024 | 9 replies
Usually, that is best done with a 2-family house hack.You are at the stage where you don't know what you don't know, but your post saying wholesaling or storage indicates you aren't very far down the rabbit hole of research for what will work for you.
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13 June 2024 | 16 replies
Rentometer indicates the property median rent at $1600 which is where I started.
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12 June 2024 | 20 replies
The original post is choppy because he typed it on his phone and it clearly says I get low appraisals indicating it has happened more than once.
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12 June 2024 | 6 replies
However, the median price per square foot grew by 3.8%, indicating that the inventory of smaller and more affordable homes has grown in share.Homes spent 44 days on the market, which is one day more than last year but eight days shorter than before the COVID-19 pandemic.According to the Realtor.com® May housing data, the market cooled a bit as mortgage rates went up in April and May due to stubborn inflation.