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18 November 2024 | 10 replies
I recently quit my job to dedicate full time to RE investing.Given the macro instability Latin American economies faced for decades, people with savings are constantly looking out for opportunities to invest in the US, specially in RE.So, a few months ago I partenered with a RE developer from my country and we are now focused on getting multifamily deals in Florida.Looking forward to connecting with all of you and adding value where I can!
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27 November 2024 | 48 replies
Secondly is to outsource everything to a professional so you are basically acting as the developer/project manager.
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20 November 2024 | 4 replies
And thankfully, by the time I needed to execute on those options and actually complete the purchase of the leased properties, I had developed some private lender relationships that allowed me to complete those 3 transactions and several more thereafter.
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19 November 2024 | 2 replies
I developed the negotiation strategy What was the outcome?
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22 November 2024 | 15 replies
@Kenroy BernardTo acquire a multifamily property in Long Island, develop a VA Loan Strategy, obtain pre-qualification from a lender, factor in renovation costs, conduct market research, build a team with experienced agents, network with investors, strengthen your business plan, expand knowledge through tools, and take action by searching for properties, attending open houses, and setting a closing timeframe.
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20 November 2024 | 25 replies
@Kim A. would say that a great thing any flipper can do is develop their own off-market seller marketing techniques.
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2 December 2024 | 34 replies
I think you could make a case that they are at times but at the end of the day the distressed home sellers have not been good stewards of their properties and therefore sell at a discountI lived in Mexico doing missionary work for a while so I learned Spanish and the culture.They hate debt and so never develop credit scores.
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20 November 2024 | 12 replies
Plus, with your market's rapid development, you could lock in your gains now while the market's strong.
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18 November 2024 | 11 replies
Lots of development happening there, but not at an exploding pace which is good.
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22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.