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22 April 2024 | 3 replies
I also discovered that despite research (likley poor research on my part) that getting situated and licensed would cost much more than I had expected.
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22 April 2024 | 8 replies
If you're thinking about renting out when you're not around, I'd advise using a short-term rental strategy, the numbers are strong and it's a lucrative market.The attractions there range from zip-lining, white-water rafting, and wineries, there's even more to discover, which is what's driving more traffic to the area and it has truly become a great destination spot.
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22 April 2024 | 2 replies
After acquisition, we had gone on to discover that this property was even more ideally situated than we had previously realized.
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21 April 2024 | 7 replies
My insurance recently issued a claim check in both my personal name my mortgage company but I have since discovered that my insurance policy should align with my Ilc listed on the mortgage.
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20 April 2024 | 9 replies
After spending a few days on the island and speaking with locals/expats it was confirmed that the lots Remax are selling in Secret Beach are swamp land.
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20 April 2024 | 9 replies
A few things I can add to what you have already discovered -Encore At Reunion - It's in a great location, and, when you buy in there, you have access to the amenities in Reunion itself.
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20 April 2024 | 22 replies
It's clear to see Alot of people on this thread don't want to share secrets but there's ways to do anything in real estate brother just have to connect w the right ppl & not the ones who are against competition
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19 April 2024 | 12 replies
You can clearly see what company I "work" for as a residential mortgage lender, but they aren't the end-lenders that get all of my business (far from it), and it's not any sort of secret.
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22 April 2024 | 39 replies
That may sound pretty good...until you discover that their net worth is decreasing at a rate of $2 million per year, and they've got $100 mil of adjustable rate debt on a portfolio of D class properties that forces them to work 80+ hours per week just to keep the whole thing afloat...Investor B tells you "my net worth is $1 mil" --to many successful investors, that sounds like a relatively insignificant net worth...but, investor B owns a portfolio of A class properties with zero debt, professionally managed, their cashflow is $500k per year, their net worth is increasing at a rate of $1 mil per year, and they only have to work about 1-2 hours per week to keep their machine going.Personally, I'd MUCH rather be investor B than investor A, even though investor A's net worth is 10x of investor B's.So yeah, tracking net worth is advisable, but it's only a small part of what an investor should be tracking and modeling, and net worth alone might not be very indicative of an investor's success.
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18 April 2024 | 6 replies
When reviewing the cash flow of properties, you discovered the cash flow was not feasible for a property, you could consider a 1031 Exchange to sell the property and replace it with a new property in the most tax efficient manner.Review profit margins and cash flow for each of your properties.Is the cash flow of each property still as projected when you purchased the property?