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22 January 2025 | 5 replies
Let's roughly say running electric line is $10kInstalling underground propane tank 1000gal is $10kWhat's your experience heating with gas vs electric in terms of warmth?
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15 January 2025 | 2 replies
Of the many strategies I've looked into, House-hacking and short-term rentals piqued my interests.
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14 January 2025 | 23 replies
Why do you say its bad for the original owner long term?
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4 February 2025 | 87 replies
Say a "partner" comes in and it's say the unit is set, rent stabilized with a 3yr term.
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18 January 2025 | 2 replies
Tenants are stable long term residents, and property is located in a desirable school district.
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22 January 2025 | 4 replies
Those were the situations where I was looking for ways to make it work.Don’t come out the gate haggling, or even discussing the terms at all.
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13 January 2025 | 12 replies
If it is a direct lender you are able to work to find more favorable terms because they usually determine their terms on a deal by deal basis.
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28 January 2025 | 0 replies
Hold for Long-Term IncomeBuffett has held AMEX for nearly 60 yearsHeld Coca-Cola for 35+ yearsSimilar to buy-and-hold real estate strategiesFocus on Cash Flow GrowthBoth AMEX and Coke have consistently increased dividendsJust like raising rents over time in quality propertiesLook for MoatsAMEX: Strong brand and network effectsCoca-Cola: Unbeatable brand powerLike owning property in irreplaceable locations💡 The Real Estate AdvantageWhile Buffett mastered dividend investing, real estate investors can do even better because:We can use significant leverage safelyWe control our asset's improvementWe get superior tax advantagesWe can force appreciation through improvementsWhat do you think, BiggerPockets community?
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4 February 2025 | 11 replies
The reason I recommend this is because as a short-term solution incase you cannot go full DSCR right out of the gate.
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4 February 2025 | 10 replies
Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it we never listen to the recommending bodies. we move for city approvals and work closely. the other thing we do is keep going back to the same groups over and over and over and over every month on the same agenda and make very small reductions like 2% or 4% and that reduces and beats them down eventually they accept what you want. it's just before beating a dead horse. we keep tabling until they give us something we all agree on then we go to vote. in our city in columbus we have to get recommendations but that's our strategy. we used to come out as aggressive as possible. we typically study developments in the area and keep it very similar in terms of density. we have a track record of very controversial projects and litigation and not taking no as an answer. after a year of that haha I can tell you it's not worth it. now we are more relationship based and buying the right kinds of plots of land. if the numbers don't work on the front end don't do the development.