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29 November 2024 | 12 replies
Typically I would just run it through my name but there are areas of ohio that target out of state owners if its a single family and will send you fines and violations for every little thing. you also should talk to your attorney and accountant on how it impacts taxes
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22 November 2024 | 7 replies
I purchased $4m Dec of 2021 and have one unit left to rehab (starting it Dec 1 and my 22 year old son will be running his 2nd rehab - it will be a live-in rehab so slower than we usually achieve).
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22 November 2024 | 92 replies
Is anyone out there still able to achieve the 1% rule and in which markets?
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19 November 2024 | 11 replies
If you achieve the ideal BRRRR with zero costs, you might as well perform it in a high PSF location (as high as you can tackle with conservative reserves).My last rehab was on a property that was almost $2k psf.
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28 November 2024 | 10 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
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25 November 2024 | 10 replies
We are also noticing that market rent can be achieved and some cases even higher than market rent.
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26 November 2024 | 9 replies
The towns you're targeting—Rochester, Dover, Farmington, and Milton—offer great potential, especially for flipping and buy-and-hold multifamily investments.
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27 November 2024 | 10 replies
They should not have been this off and you should always use the worst-case scenario as your target number when you are doing a flip or BRRRR.If I were you and a sale wouldn't net enough, I would do mid-term rental there instead of long-term rental so you can earn more, but still not have a ton of tenancies.
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25 November 2024 | 7 replies
You can also just check active listings on Craigslist or Zillow and see how much properties/units are renting for in your target area.
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26 November 2024 | 11 replies
Long term, I aim to achieve financial freedom and transition into real estate full-time.